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1. Ottawa’s ballooning debt and deficits should be major campaign issue

   Canada has the fifth-highest level of total government debt among 29 industrialized countries. ...

2. Trudeau government should heed looming risks to federal finances

   Appeared in the Globe and Mail, October 23, 2020 The federal government along with several prominent economists have downplayed the near-term risks to federal finances. Some have actually characterized Ottawa’s financial position as basically “ sound.” ...

3. Expanding government won’t help Canada’s recovery

   Enough signals have been sent by the federal government over the last few weeks for Canadians to formulate reasonable expectations about the upcoming throne speech next month and what might be included in the government’s plan for ...

4. Federal Deficits Then and Now: Is Canada Repeating the Fiscal Mistakes of 1965 to 1995?

   From 1965 to 1995, the Canadian federal government repeatedly ran deficits, accumulating debt, a habit that culminated in the near crisis of the mid-1990s. After a period of reform beginning in 1995, Canada returned to deficits in 2008/09. While ...

5. The finance minister said what? Part 4

   Federal Finance Minister Bill Morneau (pictured above) appeared this weekend on CTV’s Question Period to present the government’s case for its economic and fiscal policies, which were reflected in the fall economic update released last ...

6. No mistaking it now—the federal government has no interest in balancing the budget

   If there were any lingering doubts about the federal government’s commitment to balance the budget in the near term or next year as they originally promised, they should be put to rest with the release of the fall economic update on ...

7. Federal government doesn’t seem to recognize the hole it’s digging

   If you were already worried about the Trudeau government’s persistent increases in government spending and debt, then today’s Fall Fiscal Update will only compound your concerns. But for those not already anxious about the state of ...

8. Budget 2017 spells end of the Chrétien Consensus?

   Under the Trudeau government, deficits continue with no end in sight, debt is growing and taxes have increased. ...

9. Morneau’s ‘Plan for Middle Class Progress’ cuts GDP by $131 billion

   Appeared in the Toronto Sun, November 2, 2016 On Tuesday, Federal Finance Minister Bill Morneau released his government’s Fall Economic Statement titled A Plan for Middle Class Progress. As noted in the release, “Finance Minister Bill Morneau announced ...

10. Why waste a budget? Trudeau should learn from Chretien and Martin

    Appeared in National Newswatch, March 18, 2016 As Prime Minister Trudeau delivers his first budget next week, one that reportedly contains a deficit in excess of $30 billion, his government may want to consider the lessons learned by former Prime Minister ...