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  1. COVID-related spending increases threaten future economic growth

    Appeared in the Edmonton Sun, November 4, 2020 The COVID pandemic has sparked increased government spending worldwide including here at home. Many countries have introduced substantial fiscal packages with direct household income supports, loans, ...

  2. The new normal—continued economic growth, not secular stagnation

    Appeared in the Moncton Times & Transcript, September 28, 2019 The single biggest determinant of long-term economic wellbeing is the rate of economic growth. The industrial era, since the early 19th century, has seen powerful economic growth and ...

  3. The realities of central banking

    President Trump’s recent attacks on the U.S. Federal Reserve and its Chair (Jerome Powell) underscore the important role independent central banks play in fostering a smoothly functioning economy. These attacks should also remind us that ...

  4. Quebec expects operating surplus of $904 million compared to Alberta’s $8.8 billion deficit

    In spring, the thoughts of provincial governments turn to budgets, and all the provinces have now unveiled their 2018 budgets starting with New Brunswick in January and most recently Saskatchewan last week. TD Economics maintains a very ...

  5. Debt and decline—Ontario’s challenges in three snapshots

    Ontario’s upcoming provincial budget will likely include a significant increase in government spending with an eye on the spring election. Liberal Finance Minister Charles Sousa has already indicated that the pre-election budget will now ...

  6. Economic bright spots no justification for increased government spending in Ontario

    There’s some recent evidence that Ontario’s economy is igniting and may be poised to once again become Canada’s economic engine. Indeed, Canada’s major banks have released forecasts that Ontario will lead the country in economic growth ...

  7. Evidence suggests bigger government isn't better

    Appeared in Globe and Mail’s Economy Lab Government is the single most pervasive institution of modern life and its programs are important to our quality of life. While government spending around the world has grown, more and larger government is not ...