Providing income support to workers and businesses involves large increases in government expenditures.
Since the Liberals’ first forecast in 2015, expected GDP for 2017 has dropped by $62 billion or $1,700 per Canadian.
The Trump administration is negotiating tax reform that could make the U.S. much more attractive for investment and skilled workers.
Only a small portion of infrastructure spending will go towards building more efficient transportation corridors.
Canadian headlines about government deficits and debt can be dizzying and hard for people to grasp. A few billion here and several billion there and the natural response is for one’s eyes to glaze over in despair. But the increasing government debt has tangible and immediate consequences that affect Canadian families today and into the future.