The pandemic has kicked Canadian government debt to high levels. Federal and provincial budget plans could well see it go higher for decades and even generations. The 2021 federal budget demonstrates the sensitivity and fragility of Canada’s fiscal prospects. In this E-Brief, we explore...

The Federal Government’s spending and borrowing cushioned the impact of COVID-19 on Canada’s economy, but have put national finances on an unsustainable path. The upcoming budget must make tough choices to put Canada on a path back to fiscal stability. As the health crisis abates, Canada...

Newfoundland and Labrador’s current fiscal problems began in 2012/13 when the budget balance swung back into deficit and the net debt burden rose. The fiscal deterioration ramped up when the decline in oil prices beginning in late 2014 drastically reduced offshore royalty revenues accruing to...