Canada National Debt

Liberals' 2016 Budget Opts For Big Spending Over Restraint

Alexandre Laurin | Posted 03.23.2016 | Canada Business
Alexandre Laurin

We've seen this story before in the mid-1990s, when out-of-control deficits and an impending sovereign debt crisis led to painful spending cuts and tax increases. The government is wrong to make the return to budget balance conditional on strong economic growth. Population aging is already taking its toll on long-term projections, and too many unforeseen events can derail the fiscal path. Only tight fiscal discipline can balance the budget within a reasonable timeframe, protecting Canadians' standards of living from future large tax increases and cuts to government services.

Harper's Debt Policies Risk Canada's Future, Ex-StatsCan Head Writes

The Huffington Post Canada | Daniel Tencer | Posted 08.21.2015 | Canada Business

A former head of Statistics Canada has waded into the federal election campaign, arguing in a newspaper column that the Harper government’s dual pol...

Harper Is Faking His Record

Gabriel Yiu | Posted 08.13.2015 | Canada Politics
Gabriel Yiu

Let's take a look at the Harper Conservatives. Basically their ads and messages are there to create an illusion of good economy, sound fiscal management and the country under the threat of terrorism. In short, the Conservatives are faking their governing record.

Bleak New Heights For Canada's Debt

CBC | Posted 01.23.2013 | Canada Politics

The Canadian Taxpayers Federation says the federal debt will pass a milestone Saturday, and used that to call for the Harper government to begin spend...

Canada To Hit Major Debt Milestone Tomorrow

CP | The Canadian Press | Posted 01.23.2013 | Canada Business

OTTAWA - The country is about to pass a red-ink milestone that the Canadian Taxpayers Federation says is completely unnecessary. The national debt ...

More Canadians Are Debt-Free, But Is It Good News?

CP | The Canadian Press | Posted 12.10.2012 | Canada Business

TORONTO - A new poll suggests more Canadians are living debt free this year compared to 2011.The annual RBC survey found that 26 per cent of responden...

Canada Soon To Be Among This Super-Elite Group

The Huffington Post Canada | Daniel Tencer | Posted 08.27.2012 | Canada Business

As debt crises and an aging population put pressure on government spending around the world, Canada will be part of a small, elite group of countries ...

Rachel Mendleson

Canada Risks Ending Up On 'Road To Greece' Business Group Warns

HuffingtonPost.com | Rachel Mendleson | Posted 12.03.2011 | Canada Business

Canada's combined federal and provincial net debt will pass $1.1 trillion at 11 p.m. ET on October 3, according to a recent calculation. But while som...

Federal Budget Deficit For July Triples

CBC | Posted 11.30.2011 | Canada Business

The federal budget deficit in July rose to $1.6 billion, compared with $0.5 billion in the same month a year earlier, the Finance Department reported ...

Rachel Mendleson

Federal, Provincial Governments: Give 'Em An Inch, They'll Take $82 Billion

HuffingtonPost.com | Rachel Mendleson | Posted 11.15.2011 | Canada Business

For many of us, the immediate response to receiving an unexpected windfall of cash is to spend it -- which, as a new study suggests, is an impulse tha...

Canada Clocks Smaller Budget Deficit

CP | The Canadian Press | Posted 10.26.2011 | Canada Politics

OTTAWA - The federal government posted a $2.2-billion deficit for June, down from a $2.8-billion shortfall in 2010 as revenue grew faster than spendin...