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  1. End of the Chretien Consensus in Canada?

    Appeared in the Financial Post, November 24, 2015 Canada enjoyed an economic and fiscal renaissance starting in the mid-1990s that lasted more than a decade. The boom was rooted in sound fiscal policy (balanced budgets, focused spending, and tax ...

  2. Ontario vs. the US “Rust Belt”: Coping with a Changing Economic World

    Since the recession, Ontario has recorded large and consistent budget deficits that have increased the province’s already enormous debt load. According to a prominent narrative at Queen’s Park, policymakers are not to blame for this fiscal trend because ...

  3. Spending Beyond Our Means; Sticking it to the Next Generation

    Appeared in the National Post Over the course of the past several months, outgoing Bank of Canada Governor Mark Carney and Federal Finance Minister Jim Flaherty have repeatedly warned that Canadians are spending beyond their means and taking on too much ...

  4. The Tories' spending problem

    Appeared in the Financial Post While some economists take great satisfaction when their forecasts come true, I am not in that camp. As Terence Corcoran noted on this page Wednesday (On track for more deficits), for the past several years my colleagues and ...

  5. The Conservatives' no-cut budget

    Appeared in the Financial Post There it was on the front page of The Globe and Mail: $5.2-billion [in] total spending cuts. The Toronto Star screamed: Tories slash spending in fiscal overhaul, while CTV proclaimed: Budget to cut spending nearly $6-billion ...

  6. Flaherty has opportunity to deliver the prudent budget that Falcon didn't

    Appeared in Business in Vancouver With economic uncertainty lurking around every corner, it’s critical that governments across Canada show fiscal discipline and put forth prudent budgets. Here in B.C., Finance Minister Kevin Falcon reassured British ...

  7. Spending cuts and debt reduction should be top priorities for Canadian governments

    Appeared in Business in Vancouver With the United States credit rating recently being downgraded and some European countries teetering on the verge of debt crisis, Canadians can rightly be proud of the country’s AAA credit rating. That said, Canadians ...

  8. Ontario Prosperity, Is Best of Second Best Good Enough?

    In this study, we examine four key components of prosperity in Ontario. First, we evaluate Ontario's economic performance. Second, we present research on the relationship between the size of government in a jurisdiction and its economic performance. ...