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Federal finances ‘careening downhill’ fast
It has now been nearly a week since federal Finance Minister Chrystia Freeland released the fall economic statement (FES). After a suitable period of digestion, it’s still unclear where exactly federal finances are heading aside from very ...
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Spend first, ask questions later—not sustainable fiscal policy
During the first six months of the pandemic, with the effects of the lockdown hitting the economy, government revenues collapsed. Spending increased to provide quick support and relief, producing a federal deficit that reached 15 per cent ...
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Trudeau government should provide fiscal update—now
Three months into the COVID-19 pandemic, the Parliamentary Budget Officer has called out the federal government on the need for a fiscal update to provide some direction as to the fiscal implications for Canada of dealing with the ...
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Pandemics, social upheaval and government spending
Federal deficit estimates range from $100 billion to $200 billion for fiscal year 2020-21. ...