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Trudeau government fuels economic uncertainty
The prime minister’s mandate letter raised the idea of taxing "extreme wealth inequality.” ...
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Federal ‘stimulus’ spending will likely arrive late with minimal benefits
The government says $101 billion in stimulus spending is required for “sustained economic recovery.” ...
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Federal budget lacks realistic recovery plan despite all the red ink
The federal debt-to-GDP ratio will reach 51.2 per cent, the highest level since 1999. ...
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Spending reductions—not tax increases—key to economic recovery and budget balance
According to current projections, the federal government will not balance the budget until 2050. ...
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Trudeau government continues to dodge democratic accountability
This government has not released a long-term forecast of spending, taxation and borrowing since 2018. ...
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Canada moving quickly towards U.S.-style ‘spend now, pay later’ government
The Trudeau Liberals initially promised to run deficits for three years to finance spending increases. ...
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Freeland takes over during massive federal spending spree
It’s out with the old and in with the new in Ottawa as Chrystia Freeland replaces Bill Morneau as federal finance minister. Freeland takes over during a dramatic time in Canadian history, so it’s worth reviewing the history of federal ...
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Trudeau government must tackle federal budget deficit
Recent estimates indicate that Canada’s federal government will eclipse $250 billion this year, the highest nominal deficit on record. With new spending announcements coming regularly, it’s possible this number will be even greater. As ...
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Trudeau government smashes spending record, must right country’s fiscal ship
Appeared in the Toronto Sun, May 27, 2020 The federal deficit—that is, the amount of government spending in excess of government revenues this year—is now estimated at more than $250 billion and counting. The sticker shock has many Canadians increasingly ...
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Contrasting the Budget Rules of Chrétien and Trudeau: Part 1
With the federal deficit for 2020-21 now expected to easily exceed $110 billion and debt mounting, it’s worthwhile to compare the budget rules employed by the current government with those of the most fiscally successful government in ...