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Trudeau government fuels economic uncertainty
The prime minister’s mandate letter raised the idea of taxing "extreme wealth inequality.” ...
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Comparing pre-recession economic performance—Chrétien vs. Trudeau
Appeared in the Globe and Mail, February 11, 2021 The contrast between the current Trudeau Liberal government and its Liberal predecessor under Jean Chrétien could not be more stark. As the Trudeau government prepares its 2021 budget, which by all ...
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Getting political responsibility right in times of crises
More often than not, politicians are given too much credit for both economic expansions (i.e. prosperity) as well as recessions. That’s not to say that policies don’t matter because they do. But the idea that a politician or government ...
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Trudeau government gets unlimited spending authority for six months
Appeared in the Toronto Sun, March 26, 2020 On Wednesday, the government passed legislation (which the Opposition members either supported or acquiesced to) giving sweeping powers to Finance Minister Bill Morneau, including the power to unilaterally spend ...
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Trudeau government rejects almost every principle of historic 1995 Liberal budget
Appeared in the Winnipeg Free Press, March 6, 2020 If recent history is any guide, the Trudeau government will table its next federal budget sometime next month. Last month, however, marked the 25th anniversary of the 1995 budget, the most important and ...
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Any ‘Fair Deal’ for Alberta requires fundamental rethink of fiscal federalism in Canada
Appeared in the National Post, February 12, 2020 On February 4, we had the honour of presenting to Alberta’s “ Fair Deal Panel,” which will make recommendations to the province on how it can secure a fair deal for Alberta within Confederation. As we noted ...
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Trudeau activist government produces red ink and alienation
As the dust settles from the federal election —which further exacerbated western frustration, if not outright separatist sentiments—it’s worth considering the policy ebbs and flows of the Liberal Party under Pierre Trudeau and his son ...
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Budget 2019 underscores Trudeau government’s economic delusion
Appeared in the Vancouver Province, March 27, 2019 Over the past three-and-half years, this federal government has continued to claim that its fiscal policies have spurred economic growth. Last week’s federal budget continued that trend. The reality, ...
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Federal finances vulnerable to economic slowdown due to deficits
Upon assuming power, the Trudeau government immediately increased budgeted federal program spending by $8.1 billion over 2015-16 to 2019-20. ...
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Federal Deficits and Recession: What Could Happen
There are serious financial risks associated with running deficits during times of positive economic growth. One of the principal risks is that the budget cannot be balanced regardless of economic conditions because a permanent imbalance between how much ...