Report published two days before Christmas.
With Canada's Gross Domestic Product (GDP) actually shrinking and despite having the worst economic growth record of any Prime Minister since R.B. Bennett, Stephen Harper seems keen to brag about the fiscal reputation of his Conservative Party. Well, let's take a close look. To begin with, here's an interesting question: How many Conservative Prime Ministers in all of the 20th century presented Canada with balanced budgets?
OTTAWA - Finance Minister Jim Flaherty says his upcoming federal budget will contain money for "major" infrastructure projects.Flaherty told CTV's Question Period that infrastructure is a good investm...
Under Stephen Harper, household debt has exploded. The average household debt-to-income ratio (the amount of debt the average Canadian household owes for every dollar of their annual disposable income) has risen from $1.31 to $1.64 -- which is where the United States was before the housing market crashed.
Prime Minister Stephen Harper and Finance Minister Jim Flaherty went to Russia for the G20 conference this week, and decided that this would be a good time to pressure the world into cutting government spending and implementing austerity measures. Unfortunately, to the leaders at the G20 -- stuck as they are between deficits and sinking economies, between the option of printing money and doing nothing -- Harper and Flaherty are just as likely to come off as a bunch of self-righteous jerks.
OTTAWA - The country is about to pass a red-ink milestone that the Canadian Taxpayers Federation says is completely unnecessary. The national debt is set to reach $600 billion just seconds before 11:1...
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...
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 that is also shared by government. The fiscal accoun...