In 1990, Ontario’s debt-to-GDP ratio stood at 13 per cent.
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The government increased income taxes for more than 80 per cent of middle-income families.
Indigenous and Northern Affairs represented the largest share of federal program spending growth.
The cost of servicing the province’s debt has increased to more than $2 billion.
The profit and loss system provides quick feedback on the quality of innovation.
The Trudeau government ran consistent deficits and accumulated significant debt over its first four years in office.
This year's federal budget deficit will be an estimated $343.2 billion.
An international group of think tanks from 35 nations and territories from around the world has penned an open letter condemning the actions of the Communist Party of China and supporting the people of Hong Kong. On Tuesday, China’s National People’s Congress passed its controversial national security law, which violates Hong Kong’s Basic Law and encroaches on the city’s freedoms and liberties. The letter, which details Hong Kong’s success since the Second World War in becoming one of the most prosperous, entrepreneurial, and freest places on earth, is signed by 37 member organizations of the Economic Freedom of the World Network, which is led by Canada’s Fraser Institute.
Between the early 1970s and the mid-1990s, the federal government ran a deficit every year.
C.D. Howe op-ed cites no empirical evidence or research to substantiate its opinions.