Federal government approach to finances anything but ‘prudent’

Leaving huge bills for future generations to pay

Federal government approach to finances anything but ‘prudent’By Jason Clemens and Jake Fuss The Fraser Institute Since coming to power in 2015, Prime Minister Justin Trudeau and his finance ministers have characterized their management of federal finances as “prudent,” an adjective meaning to act with or show care and thought for the future. Acting prudently would mean being judicious about borrowing and debt.…

Trudeau government dodges democratic accountability

Federal government’s ongoing refusal to deliver a full budget another example of it avoiding accountability

Trudeau government dodges democratic accountabilityBy Jason Clemens and Jake Fuss The Fraser Institute According to Finance Minister Chrystia Freeland, on Monday the government of Prime Minister Justin Trudeau will provide an update on its 2020 spending. But the government hasn’t delivered a full federal budget since March 2019, more than 20 months ago. That demonstrates little regard for democratic…

New Brunswick government finances unsustainable 

New Brunswick government finances unsustainable By Alex Whalen and Jake Fuss The Fraser Institute New Brunswick faces a large budget deficit and rising provincial debt, thanks to the pandemic – and subsequent increased government spending, a shrinking economy and lower projected government revenues. It’s a situation mirrored in provinces across Canada. More important than this year’s deficit, however, are the…

Alberta’s debt was unsustainable even before COVID-19

Analysis shows Alberta must significantly reduce spending relative to the size of the economy or raise taxes

Alberta’s debt was unsustainable even before COVID-19By Tegan Hill and Ben Eisen The Fraser Institute The Alberta government will release a three-year fiscal update later this month, and will be tempted to blame the province’s fiscal challenges on COVID-19. In reality, Alberta’s finances were unsustainable long before the pandemic hit. While the COVID-19-induced recession has certainly contributed to the province’s eye-popping…

Canada moving towards U.S.-style ‘spend now, pay later’ government

Canadians love receiving government largesse, as long as someone else is paying for it, even if it is their kids

Canada moving towards U.S.-style ‘spend now, pay later’ governmentBy Jason Clemens and Milagros Palacios The Fraser Institute Pulitzer Prize-winning author George Will has repeatedly argued that, contrary to conventional wisdom, there is enormous consensus in Washington, D.C. – borrow today to finance spending and tax cuts but leave the costs (i.e. taxes) to the next generation. There are increasing signs that Canadians are…

Poll exposes key problems with a national pharmacare plan

Rather than covering every Canadian for drugs they can already afford, we should focus on those who fall through the cracks

Poll exposes key problems with a national pharmacare planWith fears related to COVID-19 and the economy running high, a new poll by the Angus Reid Institute reveals near universal support for some sort of public pharmacare plan. However, it also inadvertently revealed that, despite such support, most Canadians don’t actually need it. Conducted in partnership with a list of experts who have long…

Focus on economic growth and millennials will be okay

Focus on economic growth and millennials will be okayBy Niels Veldhuis and Jason Clemens The Fraser Institute Much ink has been spilled on the narrative that millennials and other future generations of Canadians may experience lower living standards than preceding generations. A recent study on wealth inequality, however, challenges this narrative. In reality, from 2010 to 2019, millennials have enjoyed greater increases in…

Trudeau delivers another blow to energy, mining sectors

Plan requiring projects to describe how they will achieve net-zero emissions may not even be feasible

Trudeau delivers another blow to energy, mining sectorsBy Alex Whalen and Elmira Aliakbari The Fraser Institute Newfoundland and Labrador’s energy sector, already struggling from the downturn in world oil markets and the COVID-19 recession, has taken another blow – this time directly from the federal government. The Liberal government of Prime Minister Justin Trudeau recently imposed new rules – known as the…

Nova Scotia government unwieldy, costly: study

With escalating spending and a shrinking private sector due to the pandemic, Nova Scotia’s large government is a growing concern

Nova Scotia government unwieldy, costly: studyBy Alex Whalen and Steve Globerman The Fraser Institute The COVID-19 outbreak and economic downturn have produced a dramatic increase in government spending across the country. The federal and provincial governments have rolled out a variety of programs aimed to support businesses and individuals through these tumultuous times, in addition to extra public health-related expenses.…
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