recession

10:55AM
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Ontario spends about nine per cent of all revenue on government debt-service payments.


1:52PM
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The federal government expects the deficit in 2018-19 to reach $18.1 billion and grow next year to $19.6 billion.


10:28AM
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The higher-than-expected inflation of the late-1980s was one reason the bank switched to inflation targeting.


9:39AM
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Contrary to what the finance minister says, federal finances are vulnerable

According to recent estimates, the government won’t achieve a balanced budget until 2045.


9:21AM
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Government debt and the next recession

Over a ten-year period, Canada’s general government gross debt rose from 69 per cent to 87 per cent.


3:54PM
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The two biggest automatic stabilizers from Ottawa are income taxes and employment insurance payments.


3:48PM
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A phrase heard almost hourly at the conference was “this time is different.”


3:30AM
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Canada raised tariffs in the 1930s and sunk into the Great Depression.