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2021 budgets establish uncertain future for government finances in Canada
The Trudeau government forecasts a $154.7 billion budget deficit in 2021/22. ...
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Canadians will pay for Trudeau government’s record spending
Ottawa ran budget deficits worth a total of $94.1 billion from 2015/16 to 2019/20. ...
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To avoid fiscal crisis, Trudeau government must learn from history
Canada’s near-debt crisis in the early 1990s showed what happens when governments ignore and continually defer meaningful action to address ongoing fiscal problems—namely, excessive spending, deficits and debt. Worryingly, the Trudeau ...
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The finance minister said what? Part 5
On July 8, Finance Minister Bill Morneau delivered the federal government’s economic and fiscal “ snapshot,” which pins the federal deficit at $343 billion in 2020. The finance minister lauded (yet again) that the government’s fiscal ...
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COVID-19 isn’t the only reason for our mega-deficit
Appeared in the Financial Post, July 8, 2020 Today, the Trudeau government presents a “snapshot” of federal finances that’s likely to blame this year’s historic federal deficit on COVID-19 and the recession. But that’s only part of the story. The federal ...
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Trudeau sets another record—and not in a good way
Appeared in the Toronto Sun, February 5, 2020 Prime Minister Justin Trudeau has set another record—increasing the federal debt (per person) more than any other prime minister (not facing a world war or recession) since 1870. He earlier set a spending ...
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Examining Federal Debt in Canada by Prime Ministers Since Confederation, 2020
Canada’s 23 prime ministers have each left a legacy, and each of those legacies has an effect on all Canadians. One element critical to an analysis of each prime minister is whether he or she left the federal government more or less indebted than ...
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Canadians will pay for Trudeau government’s red ink
Appeared in the Toronto Sun, November 20, 2019 Less than a month since the federal election, the latest projections from the Parliamentary Budget Office (PBO) already suggest Canadians can expect larger federal deficits than previously estimated. The ...
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Candidates ignore federal budget on campaign trail
Appeared in the Ottawa Sun, September 29, 2019 Unless you’ve been living underground, you’ve already heard plenty from party leaders this federal election, which is less than two weeks old. And yet, we’ve heard almost nothing from the Liberals, ...
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Trudeau government spending has increased risk of trouble if recession hits
Appeared in the National Post, August 20, 2019 There are increasing signs of a U.S. recession in the near future, which would inevitably affect Canada’s economy. The U.S. stock market continues to show increased volatility with an 800-point decline ...