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Debt is necessary for households to build assets and improve human capital while for the government, it facilitates government investment in the society. Debt helps companies to grow and develop. However, excessive debt held by households, companies or the government may create potential financial or economic instability.
The news came as a surprise: Quebec now has a budget surplus. This is good news for a province that writes most of its budget in red ink. While this surplus is cause for celebration, already many commentators have proposed that it be "re-invested." Re-investment, of course, is code for more spending.
"The government has the flexibility to provide fiscal stimulus to a Canadian economy that badly needs it."
Does Premier Christy Clark believe that money is the only thing on the minds of voters? Does she think that voters are really enjoying having the extra money in their pockets from all her tax cuts so that they can have the choice to pay to cross bridges? Does she think we're pleased that we have some extra change to support school fundraisers and to donate to Adopt-a-School?
Hydro-Québec indirectly subsidizes the wind power sector to the tune of $695 million a year, which amounts to some $200 per Quebec household to produce a tiny fraction of the province's energy. With an estimated 40 billion barrels of oil, developing this resource would provide a minimum of $160 million a year in royalties for the Quebec treasury over 30 years.
OTTAWA - "When our government first came to power, we worked hard to reduce Canada's substantial federal debt. We did it in short order, by more than $37 billion." — Finance Minister Joe Oliver's budg...
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OTTAWA - The federal government posted a narrow surplus over the first 10 months of the current fiscal year, suggesting Ottawa could balance the books earlier than expected.Ottawa ran a $1.3-billion b...
Tax Freedom Day for the average Canadian family fell on June 9 this year, one day later than last, as Canadians saw broad-based — though relatively small — tax hikes over the past year. That’s accordi...
Relative to the size of its economy, Quebec is the most indebted province in Canada by a wide margin, according to a report released Tuesday by the Fraser Institute. The Vancouver-based think tank ca...
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...
Everyone enjoys Christmas lights and Christmas carols. But what would be a nice message to people who do not know much about the Bible or believe it?
I think it would be to say to all the shoppers in the malls, that they are, themselves, "Christmas lights," lights against the darkness.
Canada’s provinces have been struggling to balance the books for years (some of them for decades), and with the economic sluggishness of recent years, the challenges have only been growing. So who’s g...
OTTAWA - The Harper government appears to be getting a free pass from Canadians for backtracking on a key campaign promise to balance the federal budget by 2014.The most recent survey by The Canadian...
Finance Minister Jim Flaherty conceded Tuesday he won't be able to balance the federal budget in four years as promised, but he moved to lighten the load on workers and businesses by reducing a planne...