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The Cost of Government Debt in Canada
A major theme of this year’s federal and various provincial budgets is continuing deficit spending and growing government debt. The result of recent deficits and debt accumulation is that the combined federal and provincial net debt has increased from ...
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Quebec's budget next step in a recovery plan
Appeared in the Huffington Post Premier Couillard's government will table its first budget on June 4 and early signs suggest it's not going to be business as usual. "The time for cosmetic changes is gone" We must act firmly and ...
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Moody's report yet another warning sign for Ontario to act
Appeared in the Guelph Mercury A new report on provincial debts and deficits by Moody's, the international credit rating agency, is another piercing reminder of Ontario's serious fiscal challenges. Based on media accounts, the report warns that ...
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Is there any wonder why Ontario is in the state it's in?
Appeared in the Financial Post As Ontario continues to undermine its economic future with growing debt, the province does not receive near the critical scrutiny it should from the media and financial markets. In reading CIBC World Markets latest Economic ...
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Bad news out of Ontario illustrates need for a better fiscal plan
Appeared in the Toronto Sun and Ottawa Sun The economic news coming out of Ontario in recent days has been far from positive. The province's economic and fiscal position is weak and new analysis released by the Ministry of Finance suggests its ...
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The Proper Size of Government
Appeared in AEI's The American President Obama has frequently cited the seemingly intractable debate about the size of government currently consuming the political class as his primary obstacle to getting major reforms through a divided Congress. For ...
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Ontario usurps California's role as poster child for bad fiscal management
Appeared in the Ottawa Citizen It has been more than two years since an independent commission submitted its report to the Ontario government on the province's poor public finances and high government debt. The report's findings were sobering. ...
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Comparing the Debt Burdens of Ontario and California
To many in the United States and Canada, California represents the epitome of irresponsible government spending coupled with poor cash management. However, the province of Ontario is carrying a much worse debt burden than the state of California. This ...
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Quebec's government indebtedness shouldn't be ignored
Appeared in the National Post It's now several days into the Quebec election campaign and some key issues are starting to emerge. There's been the usual focus on high-profile candidates, speculation about a future referendum, and an ongoing ...
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Alberta's opaque budget represents a failure to learn from the past
If you listen to Alberta Finance Minister Doug Horner, the province's public finances are under control. The government's budget imposes no new taxes, spending growth has been moderated, and Alberta is running an operational budget surplus ...