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Trudeau government should target high tax rates during COVID recovery and beyond
Appeared in the Vancouver Province, July 8, 2020 Due largely to COVID-19, Canada now faces a steep recession. A recent RBC forecast estimates the economy will contract by 7.1 per cent this year. Government policies will help determine the pace of recovery ...
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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 tax hikes would do more harm than good
Appeared in the Winnipeg Free Press, July 7, 2020 On July 8, the Trudeau government will release a “snapshot” of federal finances, the first such update since the COVID crisis began. The government may also soon look to raise taxes to try to increase ...
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Canada’s stabilization program overdue for a rethink
Through Canada’s fiscal stabilization program (FSP), the federal government provides provinces (that experience a sharp downturn in revenue) with payments to help them cope with the shock. The FSP usually gets very little attention from ...
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More bad news for federal finances—even worse if recession hits
Appeared in the Brandon Sun, January 10, 2020 Before Christmas, the Trudeau government released its Economic and Fiscal Update, which demonstrated this government’s proclivity for marked increases in deficit-financed spending despite warning signs of a ...
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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 ...