Activist Liberal government produces red ink and alienation

Prime Minister Justin Trudeau is following in the footsteps of his father. That’s leading to fiscal calamity and regional dissent

Activist Liberal government produces red ink and alienationBy Jason Clemens, Milagros Palacios and Niels Veldhuis The Fraser Institute As the dust settles from the federal election – which further exacerbated Western frustration, if not outright separatist sentiments – it’s worth considering the policy ebbs and flows of the Liberal Party under Pierre Trudeau and his son Justin. Therein lies the explanation and…

Fiscal risks of potential recession await next PM

Any voluntary increase in spending by the federal government would further exacerbate the deficit

Fiscal risks of potential recession await next PMBy Jake Fuss and Milagros Palacios The Fraser Institute Many economists have warned of a U.S. recession in the near future, in part due to the rise of trade protectionism, political turmoil and market volatility. Of course, a U.S. recession will also harm the Canadian economy and create significant problems for federal finances. So when…

Federal government’s appetite for spending is a serious problem

To pay for this rapid rise in public debt, future generations will face higher taxes

Federal government’s appetite for spending is a serious problemBy Jake Fuss and Milagros Palacios The Fraser Institute With seemingly little regard for the consequences, the current federal government has increased spending throughout its mandate with no sign of change any time soon. This spending trend has been a stark departure from promises made during the 2015 election campaign, when the Liberals pledged to…

We must get federal government spending in check

Despite higher-than-budgeted revenues, there’s been no reduction in the federal deficit in the last four years

We must get federal government spending in checkBy Jason Clemens, Tegan Hill and Milagros Palacios The Fraser Institute The period from the mid-1960s to 1995 was terrible for federal government finances in Canada. The government borrowed every year but one, interest costs consumed ever-greater shares of revenues, the country’s debt ballooned, and we came within a hair of a currency and debt…

Bad budget decisions make Canada vulnerable

Deficit finances put the country in a difficult situation as hints of recession abound. And the Liberal government doesn't seem to care

Bad budget decisions make Canada vulnerableBy Tegan Hill and Milagros Palacios The Fraser Institute The latest economic news foreshadows recession. Canada’s persistent government deficits will only worsen the situation. Recently, the U.S. stock market had its worst day in 2019, plunging 800 points. The bond market is showing weakness with short-term interest rates higher than long-term ones, a situation that…

Trudeau government has failed to produce promised tax relief

By kicking today's debt down the road, the federal government is passing the burden of repayment to young Canadian families

Trudeau government has failed to produce promised tax reliefBy Jake Fuss and Milagros Palacios The Fraser Institute Providing tax relief for Canadian families has been a stated priority for the government of Prime Minister Justin Trudeau since it assumed office. However, despite any rhetoric to the contrary, the tax burden for the average Canadian family has increased over the last four years. And…

Trudeau government’s reckless spending digging deep hole

Future generations will pay higher taxes to finance today’s debt growth. And what has this record debt brought us?

Trudeau government’s reckless spending digging deep holeBy Jake Fuss and Milagros Palacios The Fraser Institute Throughout its mandate, rather than acting to reduce the federal budget deficit, the Liberal government has made “investments” in the form of more and more spending. Of course, this plan relies on a wave of good fortune – with positive economic growth and higher-than-expected revenues each…

Trudeau’s deficit spending cripples the country

Mounting debt pushes up interest costs, consuming resources that could be used to fund important public services or provide tax relief

Trudeau’s deficit spending cripples the countryBy Jake Fuss, Finn Poschmann and Milagros Palacios The Fraser Institute The 2019 federal budget, delivered last month, firmly establishes the fiscal legacy of Justin Trudeau. It's not a positive legacy. No Canadian prime minister has spent more money per person (all figures inflation-adjusted) or accumulated more debt per person outside of a world war…

This budget season, Canada must lower taxes on entrepreneurs

Canada is at a huge disadvantage for attracting and retaining those we rely on for innovation, employment growth and prosperity

This budget season, Canada must lower taxes on entrepreneursBy Jake Fuss and Milagros Palacios The Fraser Institute Over the last few years, the federal government and many provincial counterparts have weakened incentives for entrepreneurs by raising personal income taxes. This budget season provides an opportunity to reverse this trend and introduce tax policies to attract, encourage and retain entrepreneurs. The process should start…

“Inevitable” recession will seriously derail federal finances

The government must apply the brakes on spending in the spring budget and focus on deficit reduction

“Inevitable” recession will seriously derail federal financesBy Jake Fuss, Milagros Palacios and Jason Clemens The Fraser Institute Fiscal prudence – the ability of the government to balance its budget and manage the finances of the country responsibly – is an increasing concern for Canadians. According to a recent Nanos poll, a majority of Canadians favour balancing the federal budget more than…