Government Spending

— Jun 1, 2021
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Caution Required When Comparing Canada’s Debt to that of Other Countries

Caution Required When Comparing Canada’s Debt to that of Other Countries is a new study that finds Canada’s relative debt position is much worse than the federal government suggests when compared to a larger group of advanced countries. In fact, while Canada does have the lowest net debt to GDP in the G7, Canada’s position falls to 11th when the analysis is expanded to include 29 advanced countries, including many European countries and Australia. What’s more, when gross debt—and not net debt—are measured, Canada is the 25th most indebted country out of the 29 included in the study.

— May 26, 2021
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Global Storm: The Effects of the COVID-19 Pandemic and Responses Around the World

Global Storm: The Effects of the COVID-19 Pandemic and Responses around the World is a detailed statistical analysis of nearly 200 countries and their experiences with and responses to COVID-19. It found that Canada ranked poorly compared to other industrialized countries on testing and hospital beds, which were determined to be key in responding to COVID-19.

— May 6, 2021
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Canada’s Aging Population and Income Support Programs

Canada’s Aging Population and Income Support Programs is a new study that finds from 2020 to 2030, as a result of the growing number of seniors in Canada, the cost of Old Age Security and the Guaranteed Income Supplement will increase by almost 70 per cent, from $60.8 billion to over $103 billion.

— Mar 25, 2021
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Aging and Expenditures on Health Care

Aging and Expenditures on Health Care is a new study that finds Canadians over the age of 65, who are projected to make up 23.4 per cent of the population by 2040, will account for 71.4 per cent of total health care expenditures in that year. And in fact, health care spending is projected to grow by 88 per cent from 2019 to 2040 as a result of the growing number of Canadians aged 65 and older.

— Mar 2, 2021
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Reforming Employment Insurance for the 21st Century

Reforming Employment Insurance for the 21st Century analyzes problems with Canada’s EI system, such as providing unequal benefits depending on where a worker lives, and not covering the self-employed or those who work in the growing ‘gig’ economy. The study also highlights several ways Canada’s employment insurance system could be reformed, including the idea of an Unemployment Insurance Savings Account.

— Feb 25, 2021
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Federal and Provincial Debt-Interest Costs for Canadians

Federal and Provincial Debt-Interest Costs for Canadians is a new study that finds taxpayers across Canada will pay a total of $49.6 billion—or about $4 billion a month—in interest payments for the federal and provincial debts this year alone. Even provinces that recently had low interest costs, such as Alberta, have lost this advantage due to years of mounting debt and deficits.

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