Evidence suggests that a 1.0 percentage point increase in spending produces a 0.75 percentage point drop in economic growth.
Blog - Fraser Forum
The estimated time to clear the backlog has been reduced from 24 months to 15 months.
The federal budget deficit has skyrocketed to 15.9 per cent of Canada's economy.
Alberta will reduce its corporate income tax rate to 8 per cent.
Ontario entered this recession with an already elevated government debt burden.
The Trudeau government’s recent fiscal update forecasted a $343 billion deficit this year.
Excluding residential investment, business investment dropped 17.3 per cent.
In 1990, Ontario’s debt-to-GDP ratio stood at 13 per cent.
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.
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