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Canada has a business investment problem—deal with it
It’s not as if we needed more bad news about Canada’s economic prospects. But we got it last week with the latest data highlighting the country’s weak business investment. Statistics Canada released its latest survey results on ...
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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 ...
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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 ...
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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 ...
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Workers will ultimately pay part of B.C.’s new employer health tax
Last week, British Columbia’s provincial government announced the elimination of Medical Services Premiums (MSP) premiums by 2020. And introduced a new payroll tax—the employer health tax (EHT), to be implemented a year earlier. Does ...
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Another wake-up call for Canadian governments to improve investment climate
Suncor, one of the country’s largest energy companies, recently gave Canadian governments what should be a piercing wake-up call. CEO Steve Williams said his company won’t tackle any new major projects in Canada and his company will ...
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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 ...
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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 ...
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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 ...
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Workers, not businesses, will ultimately pay B.C.’s new payroll health tax
A key policy announcement in B.C.’s 2018 budget is the elimination of Medical Services Premiums (MSP) in 2020 and introduction of a new payroll tax—the employer health tax (EHT). Some claim this tax swap will lift the financial burden ...