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Stimulus spending on infrastructure won’t ‘kickstart’ COVID recovery
Federal debt as a share of the economy will reach roughly 56 per cent, the highest percentage since 1998. ...
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Trudeau vs. Biden—transparency and budget honesty
Nearly 60 per cent of the Liberal infrastructure spending was on “green” and “social” projects. ...
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Federal Budget 2021—a preview of what you won’t see
At 79 per cent, Canada had the fastest growth in its debt-to-GDP ratio in the G-7. ...
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Spending reductions—not tax increases—key to economic recovery and budget balance
According to current projections, the federal government will not balance the budget until 2050. ...
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Lessons for the Ford Government from the 1995 Federal Budget
Chronic deficits since the 2008/09 recession have weakened Ontario’s public finances. The province’s debt-to-GDP ratio—a key measure of fiscal sustainability—increased from 27.8 percent to an estimated 47.0 percent of GDP by the end of 2020/21. ...
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Alberta’s woes threaten Canada’s finances from coast to coast
Ottawa annually pocketed $22 billion more in revenue from Alberta than it spent in the province. ...
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To fulfill Trudeau’s latest fiscal promise, spring budget must chart path to budget balance
Prime Minister Trudeau’s end-of-year comments, where he committed to “absolutely” returning to a balanced budget post-COVID, will continue to ring hollow unless the spring budget includes decisive action. The pre-Christmas statement to ...
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Trudeau government must chart credible plan to balance federal budget
Appeared in the Ottawa Sun, January 13, 2021 In the late stages of 2020, Prime Minister Trudeau committed to “absolutely” balance the federal budget—at some point in the future. Of course, a balanced budget would halt the debt accumulation that started ...
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Making sense of Canada’s $381.6 billion federal budget deficit
The Trudeau government this week published its fall fiscal update for 2020. The headline-grabbing number emerging from the report was the government’s forecasted budget deficit for the year—$381.6 billion. As is often the case when it ...
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Trudeau government’s approach to federal finances anything but ‘prudent’
Appeared in the National Newswatch, December 2, 2020 Since coming to power in 2015, Prime Minister Trudeau —and his finance ministers —have characterized their management of federal finances as “prudent,” an adjective meaning to act with or show care and ...