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Federal and Provincial Debt-Interest Costs for Canadians
In recent years, deficit spending and growing government debt have become a trend for many Canadian governments. Like households, governments are required to pay interest on their debt. In aggregate, the provinces and federal government are ...
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Charitable giving on the wane in New Brunswick
This holiday season, many New Brunswickers will spend their time and money giving back to charitable causes. In fact, every year, tens of thousands of residents in the province donate to charities. However, according to a new study by ...
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Charitable giving on the wane in Nova Scotia
Appeared in the Bluenose Bulletin, December 23, 2020 This holiday season, many Nova Scotians will spend their time and money giving back to charitable causes. In fact, every year, tens of thousands of residents in the province donate to charities. However ...
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P.E.I. deficit may be bigger than forecasts
As the Prince Edward Island government prepares to table its operating budget in the coming weeks, policymakers find themselves in a much-changed fiscal environment. This time last year, the government tabled a budget that projected a ...
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Estimating the recessionary impact on Nova Scotia finances: Part 2
The COVID-19 crisis has dealt a major blow to Nova Scotia’s economy and all indications point to a marked deterioration of provincial finances. Prior to the recession, the McNeil government had established a string of balanced operating ...
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Nova Scotia budget is balanced, but concerns loom over debt and taxes
The Nova Scotia government tabled its 2020 provincial budget on Tuesday. Highlights include a spike in capital spending and net debt, minimal relief from high taxes, and the province’s fourth consecutive balanced operating budget. Despite ...
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Interest on government debt—a costly problem for the Rock
Several provincial governments across Canada are currently running deficits and accumulating debt to finance their spending priorities. But one province stands out more than others. Newfoundland and Labrador has the highest provincial ...