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Infrastructure a small share of the Liberal $29.4 billion deficit
Appeared in the Ottawa Sun, April 2, 2016 A major theme in the lead-up to the recent federal budget was a commitment to increased infrastructure spending. The Liberals gave the impression that infrastructure would be a key driver of their deficit spending ...
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Liberal 2016 budget long on pro-growth rhetoric but short on economic action
Appeared in Business in Vancouver, March 29, 2016 In his budget speech, rookie Finance Minister Bill Morneau went to great lengths to highlight that the Liberal government’s budget would improve the long-term growth prospects for the Canadian economy. His ...
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Creating an effective ‘guaranteed annual income’ in Canada would be challenging
Appeared in the Vancouver Province, February 23, 2016 The federal Liberals appear to be considering overhauling Canada’s income support system with the creation of a guaranteed annual income (GAI). Jean-Yves Duclos, the federal minister tasked with the ...
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Newfoundland & Labrador’s massive debt and deficits demand bold action
Appeared in National Newswatch, February 15, 2016 On the easternmost part of the country, a fiscal storm is brewing. Newfoundland & Labrador’s provincial finances are in a dire state. The government’s latest projections have the province facing a ...
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A new year’s resolution for Ontario’s government: Reduce spending
Appeared in the Toronto Sun, January 6, 2016 As the new year begins, many Ontarians are making resolutions to address long-standing problems or bad habits. For Ontario’s provincial government, the appropriate new year’s resolution is clear: it should ...
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End of the Chretien Consensus in Canada?
Appeared in the Financial Post, November 24, 2015 Canada enjoyed an economic and fiscal renaissance starting in the mid-1990s that lasted more than a decade. The boom was rooted in sound fiscal policy (balanced budgets, focused spending, and tax ...
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Another warning sign Ontario may not meet its balanced budget target
Appeared in the Ottawa Citizen, November 10, 2015 The Ontario government has dug itself deep into debt and continues to spend more than the revenue it brings in each year. While it has pledged to eliminate the deficit by 2017/18, a new report from the ...
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Oil prices aren’t to blame; Alberta’s budget misdiagnoses the problem
Appeared in the Toronto Sun, November 2, 2015 If the first step towards remedying a problem is admitting that you have one, Alberta is a long way away from fixing its budget woes. Indeed, Finance Minister Joe Ceci took every opportunity in his recent ...
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Don’t blame oil prices for Alberta’s deficit
Appeared in the Financial Post, October 21, 2015 Alberta’s budget, to be unveiled on Oct. 27, will contain the province’s seventh deficit in the last eight years, most recently projected at $5.9 billion. A popular narrative blames declining oil prices for ...
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Alberta's Budget Deficit: Why Spending Is to Blame
Alberta is headed toward its seventh deficit in eight years and the province is at risk of returning to a net debt position as early as next year. A popular narrative holds that the recent fall in oil prices is responsible for the deterioration of Alberta ...