National Debt

THE CANADIAN PRESS/Fred Chartrand

Liberals' 2016 Budget Opts For Big Spending Over Restraint

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.
CP

Harper Is Faking His Record

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.
CP

Deficit Shrinks As Feds Rake It In

OTTAWA - Ottawa ran a deficit of $614 million in November, smaller than a $1.7-billion shortfall in the same month a year earlier.The monthly fiscal monitor says the federal government's revenue was u...
Getty

G20 Fails to Fix Global Finance. Again.

It's a wonder that the heads of state and heads of government of the G20 who just met in Russia spent any time at all talking economics. Seriously, how could they pull themselves away from discussing Syria (or Sochi, or Snowden) long enough to actually focus on the international financial system? Sure, that's the explicit purpose of the G20 meetings, but still, let's give credit where credit is due.

Bleak New Heights For Canada's Debt

The Canadian Taxpayers Federation says the federal debt will pass a milestone Saturday, and used that to call for the Harper government to begin spending within its means. Federation director Gregory...
AP

Pffft: It's Not Like We Wanted to Be #1 Anyway

With the release of the latest growth projections from the Bank of Canada and the International Monetary Fund (IMF), it appears that Canada's two-year run at the top of the G7 group of countries could be coming to an end. Both the Bank of Canada and the IMF have lowered this year's growth predictions, paving the way for - get this - America to take over the top spot.