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Alberta key reason for Canada’s pre-COVID fiscal strength
Appeared in the Edmonton Sun, November 25, 2020 During COVID and the recession, the Trudeau government has been racking up debt at a record pace. Many analysts have raised concerns about the speed of this debt accumulation. Key members of the government, ...
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Southwestern Ontario lagging behind in job creation, income growth
Over the past 20 years, while Ontario’s two biggest cities (Toronto and Ottawa) have enjoyed relative prosperity, large and populous parts of the province have suffered significant economic pain. In fact, a recent study showed that ...
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Economic Performance in Ontario CMAs: A National Comparative Perspective
Several recent Fraser Institute studies have documented the weak economic performance in Ontario over the past 20 years outside of the Greater Toronto Area (GTA), and to a lesser extent Ottawa. This bulletin builds on that analysis by examining ...
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Ontario’s red ink—the Ford government should heed lessons from recent past
The Ford government recently government tabled its budget for the 2020/21 year. Unsurprisingly, given the pandemic and recession, Ontario is on track to run a large operating budget deficit this year—an estimated $38.5 billion. The budget ...
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With right approach, Ford government can stop Ontario’s fiscal roller-coaster
Followers of Alberta government finances are used to hearing term “roller-coaster.” The analogy is that government revenues quickly rise when natural resource royalties go up, and then often plunge when they go back down. Often, Alberta’s ...
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Alberta’s government debt was unsustainable—before COVID
Appeared in National Newswatch, November 12, 2020 The Kenney government will release a three-year fiscal update later this month, and will be tempted to blame Alberta’s fiscal challenges on COVID-19. While the COVID-induced recession has certainly ...
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Ontario braces for largest budget deficits in provincial history
Before the Ford government tabled Ontario’s 2020/21 budget on Thursday, analysts and budget watchers knew it would likely include the largest deficit in the province’s history. These expectations were met, as the government again ...
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Ford’s deficit-reduction plan reminiscent of Rae, McGuinty, Wynne years
Appeared in the Toronto Sun, November 5, 2020 On Thursday, the Ford government tabled its budget for the 2020/21 fiscal year, revealing plans to run some of the largest deficits in Ontario history—not just this year, but in years to come. For fiscal year ...
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Trudeau government creating harmful work disincentives for many Canadians
Appeared in the Ottawa Sun, November 4, 2020 The Trudeau government recently replaced the Canada Emergency Response Benefit (CERB) with an expanded employment insurance program and the Canada Recovery Benefit (CRB). The CRB will doubtless help some ...
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Ontario faces major fiscal challenges beyond massive budget deficit
This week, the Ford government will table its budget for the 2020/21 fiscal year. Much attention will (deservedly) focus on the provincial budget deficit, which this year will almost certainly be the largest one in decades. The last ...