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Government policy in 2019, particularly in Ottawa, will be crucial to resolving export constraints
Albertans came into 2018 hoping for a continuation—or acceleration—of the province’s fragile economic recovery. With the province lingering below its pre-recession private-sector employment levels, economic growth is crucial to putting ...
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Quarterly update highlights danger of riding rickety revenue rollercoaster
The Notley government’s failure to restrain spending is quickly growing Alberta’s debt burden. ...
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Alberta racking up debt much faster than Ontario did
Recently, several high-profile exchanges on social media and news stories have compared the economic pain in Alberta to what was experienced in Ontario during and after the 2008/09 financial crisis. We won’t get into addressing the ...
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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 ...
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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 ...
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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 ...
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Provincial finances in trouble—spotlight Western Canada
The Parliamentary Budget Office (PBO) recently published its annual fiscal sustainability report, which provided long-term projections to assess the sustainability of public finances for the federal government and the provinces. In this ...
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Ontario’s ‘mini-budget’ makes little progress on deficit
Today, Finance Minister Vic Fedeli tabled Ontario’s Fall Economic Statement. Given Ontario’s difficult fiscal situation (a large budget deficit and mountain of public debt), and signals that the update would be a “mini-budget’ with ...
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Successive Ontario governments increased net debt from $139 billion to $338 billion
The Ford government today released its fall economic and fiscal update, which includes taxation and spending changes, with Finance Minister Vic Fedeli noting that the "fiscal hole is deep.” However, perhaps the most telling ...
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Provincial finances in trouble—spotlight Central Canada
The Parliamentary Budget Office (PBO) recently published its annual fiscal sustainability report, which provides long-term projections to assess the sustainability of public finances for the federal government and the provinces. In this ...