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Trudeau’s record-high spending hasn’t translated into strong economic growth
During the Trudeau period, business investment actually declined by 0.2 per cent. ...
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Prime Ministers and Government Spending: Updated 2021 Edition
Per-person federal program spending (adjusted for inflation) reached $17,121 in 2020-21, by far the highest level in Canada’s history. Non-COVID-related per-person spending in 2020-21 was $11,165. Moreover, federal spending is estimated to reach ...
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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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Guaranteed annual income program would guarantee big tax changes
Appeared in the Financial Post, September 23, 2020 According to reports, the Trudeau government is considering a guaranteed annual income (or GAI) and may even introduce the idea in today’s throne speech. The basic concept is that the government sends ...
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Green recovery plan ignores practical limitations of government
The Trudeau government says Canada needs a “ green ” recovery plan, which may include big spending on green infrastructure, low-carbon subsidies and initiatives to create “clean” jobs. Unfortunately, the idea that the government can ...
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Minister McKenna should re-consider plans for stimulus
Catherine McKenna, our federal minister of infrastructure, recently said the Trudeau government is thinking about stimulus measures and hopes to have a plan in place this fall. Minister McKenna suggested stimulus efforts would focus on ...
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Any credible plan to fix federal finances must address pre-COVID spending
Indigenous and Northern Affairs represented the largest share of federal program spending growth. ...
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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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Explaining the Growth in Federal Program Spending since 2015
In 2019, federal program spending reached $322.9 billion, an increase of $69.1 billion or 27.2% (nominal) since 2015. After adjusting for inflation, the increase in program spending is still sizeable at $50.2 billion or 18.4%. The government finances ...
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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 ...