Cutting regulatory red tape and removing internal trade barriers could help boost improve economic performance.
Canada's productivity growth and levels of business investment have been lacklustre for decades.
Rules that impose mandatory fiscal discipline help produce better and more responsible fiscal outcomes.
Ottawa will likely have more revenue—perhaps considerably more—than forecast when the government tables the budget.
Federal net debt will reach a projected $1.3 trillion in 2021/22.
Only seven industrialized countries had higher levels of government indebtedness than Canada.
According to forecasts, Canada will be the worst-performing advanced economy from 2020 to 2030.
The national debt will reach a projected $2 trillion by 2025-26.
Despite the dismal state of federal finances, the speech did not include the terms “deficit” or “debt."