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Morneau’s rhetoric on pipelines doesn’t match government’s record
In a recent CTV interview, Finance Minister Bill Morneau rightly acknowledged the significant challenges facing the energy industry in Alberta and Saskatchewan. “We need to think about the long-term,” he said, “that’s why we’ve looked at ...
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No mistaking it now—the federal government has no interest in balancing the budget
If there were any lingering doubts about the federal government’s commitment to balance the budget in the near term or next year as they originally promised, they should be put to rest with the release of the fall economic update on ...
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Federal government doesn’t seem to recognize the hole it’s digging
If you were already worried about the Trudeau government’s persistent increases in government spending and debt, then today’s Fall Fiscal Update will only compound your concerns. But for those not already anxious about the state of ...
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Federal purchase of Trans Mountain pipeline distorts incentives, sets dangerous precedent
Today, Finance Minister Bill Morneau (pictured above) announced that the federal government will purchase all assets related to the Trans Mountain pipeline. This includes the existing pipeline first built in the 1950s, and construction ...
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The finance minister said what?
Coming out of an emergency cabinet meeting earlier this week, ostensibly called to deal with the watershed announcement that Kinder Morgan was halting all “non-essential” spending on its Trans Mountain pipeline despite regulatory and ...
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Ottawa using bounty of robust growth to simply boost spending
The recently-released 2018 federal budget calls for growth in both spending and revenues. Between 2017-18 and 2022-23, total revenues are forecast to grow from $309.6 billion to $373.9 billion—an increase of 21 per cent. After a three ...
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2018 budget—another nail in the coffin of Trudeau’s balanced budget promise
While campaigning for the 2015 election, then-candidate Justin Trudeau made a commitment to Canadians, pledging three years of modest budget deficits of no more than $10 billion, with a balanced budget by the end of his first mandate in ...
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Trudeau government 0-for-3 for budgets that improve fundamentals for growing the economy
With the Trudeau government tabling its third budget, the script has become familiar. Each budget the government loudly proclaims platitudes about growing the economy and helping the middle class. In reality, there’s no magic lever to ...
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Federal budget an opportunity for Ottawa to change big spending ways
Since coming into office, Prime Minister Justin Trudeau’s government has markedly increased spending, contributing to larger-than-promised budget deficits with no end in sight. Next week’s federal budget is an opportunity to change ...
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Trump reforms lay bare Canadian policy missteps
Prime Minister Trudeau has stated unequivocally that he won’t reduce Canadian taxes to remain competitive. ...