Upon assuming power, the Trudeau government immediately increased budgeted federal program spending by $8.1 billion over 2015-16 to 2019-20.
Canada’s economy has grown at or above 1 per cent in 18 different quarters since 2000.
The federal government plans to spend $8,337 (per person) this fiscal year.
Growth expectations from private-sector economists have consistently declined since this government came to power.
Government-sponsored venture capital initiatives tend to underperform compared to initiatives funded by the private sector.
Ottawa’s so-called infrastructure spending plan includes $77 million to develop regulations for driverless cars and unmanned air vehicles.
By 2019/20, Canada’s debt-to-GDP ratio is forecasted to be 31.5 per cent.
By reducing the rewards of investment and entrepreneurship, governments in Canada have discouraged the very activity they profess to encourage.