RBC forecasts an $800 million provincial deficit this year, Scotiabank forecasts $970 million.
Alesina specifically noted the experience of Canada in the mid-1990s.
Since the 2008-2009 financial crisis, central banks in Canada and elsewhere have pursued quantitative easing.
F.I. experts weigh in on how the COVID-19 pandemic and recession might change Canada permanently.
According to forecasts, Canadian economic growth for 2020 will shrink by more than 12 per cent.
The Trudeau government raised the top federal income tax rate from 29 per cent to 33 per cent.
Canadians can earn up to $1,000 per month and remain eligible for CERB.
Up to 90 per cent of firearms used in violent crimes in Canada are smuggled, mainly from the U.S.
The top combined personal income tax rate now exceeds 50 per cent in eight provinces.
The Marshall Plan helped former foes and allies alike rebuild their economies after the Second World War.
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