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1. 2018 budget—another nail in the coffin of Trudeau’s balanced budget promise

   While campaigning for the 2015 election, then-candidate Justin Trudeau made a commitment to Canadians, pledging three years of modest budget deficits of no more than $10 billion, with a balanced budget by the end of his first mandate in ...

2. Federal budget turns a blind eye, ignores Canada's economic challenges

   Appeared in the Financial Post, February 28, 2018 In the midst of serious concerns over Canada’s economic prospects, and challenges emerging from the United States, Finance Minister Bill Morneau’s 2018 federal budget does nothing to address these problems ...

3. Trudeau government 0-for-3 for budgets that improve fundamentals for growing the economy

   With the Trudeau government tabling its third budget, the script has become familiar. Each budget the government loudly proclaims platitudes about growing the economy and helping the middle class. In reality, there’s no magic lever to ...

4. Trudeau government can keep campaign promise with relatively small spending cut

   Appeared in the Globe and Mail, February 23, 2018 During the 2015 federal election campaign, Prime Minister Justin Trudeau promised that his government would run modest budget deficits—no more than $10 billion annually—and balance the federal budget by ...

5. Federal budget an opportunity for Ottawa to change big spending ways

   Since coming into office, Prime Minister Justin Trudeau’s government has markedly increased spending, contributing to larger-than-promised budget deficits with no end in sight. Next week’s federal budget is an opportunity to change ...

6. Back on Track: How the Federal Liberals Can Deliver Their Promised Balanced Budget by 2019/20

   Main Conclusions During the 2015 federal election, Justin Trudeau’s Liberals presented a fiscal plan to Canadians that proposed three years of deficit spending of no more than $10 billion annually with a return to a balanced budget by 2019/20. After ...

7. Federal finances vulnerable to economic slowdown due to deficits

   Upon assuming power, the Trudeau government immediately increased budgeted federal program spending by $8.1 billion over 2015-16 to 2019-20. ...

8. Federal Deficits and Recession: What Could Happen

   There are serious financial risks associated with running deficits during times of positive economic growth. One of the principal risks is that the budget cannot be balanced regardless of economic conditions because a permanent imbalance between how much ...

9. Sensational headlines about economic growth breed complacency

   Appeared in the Financial Post, September 7, 2017 Given the sensational media headlines hyping Canada’s recent economic growth, it’s hard to blame Canadians for being complacent. “Canada's economy steamrolls ahead—4.5% annualized rate of expansion” ...

10. When measured against history, Prime Minister Trudeau’s spending near peak levels

    The federal government plans to spend $8,337 (per person) this fiscal year. ...