It was a tall order for the Carney government to deliver a federal budget that featured growth-driving investments while maintaining some semblance of fiscal responsibility—see our blog on Budget 2025 for a full summary and analysis. The federal budget posted significantly higher deficits and proposed measures that bet big on the private sector making major […]
Every young government seeks to impress with its debut tax and spending plan. Federal Budget 2025 was Prime Minister Mark Carney’s first opportunity to reset Canada’s fiscal direction. While it delivers new tax incentives designed to spur business investment, along with a smattering of personal and corporate tax measures, it is far from the transformative […]
Ontario Premier Doug Ford has been the first minister most visibly and vocally opposed to U.S. President Donald Trump’s tariff program. Ford has continually done the rounds on U.S. cable TV, making the case for continued economic cooperation between our two countries and warning of the cross-border economic implications of a trade war. He promised […]
With U.S. tariffs now in effect across multiple sectors including the auto industry, and the reality of the new geopolitical trade landscape becoming clearer—yes, U.S. President Donald Trump and his administration are serious about imposing sweeping tariffs against traditional allies and trading partners—Ottawa has begun rolling out measures designed to help businesses weather the trade […]
Canadians were gifted far more excitement than anticipated yesterday as they awaited the tabling of the pre-holiday 2024 Fall Economic Statement. While they may have expected a grossly inflated deficit (correct) and a raft of new measures designed to save the Trudeau Liberals’ sinking fortunes (correct once again), few would have predicted the abrupt resignation […]
The Ontario government yesterday tabled the 2024 Fall Economic Statement, notable for a sunnier fiscal outlook than expected and a promise to line the pockets of Ontarians in advance of a potential early election in 2025. On the fiscal front, the Ford government was eager to share news that the provincial deficit for the 2024-25 […]
The raft of ambitious new federal spending commitments in the lead up to Budget 2024 were designed to position the Trudeau government as being a step ahead of challenges such as affordability, the national housing shortage and Canada’s woeful economic productivity. Many of these announcements were also drafted to woo critical Generation Z and Millennial voters […]
In the 2023 Fall Economic Statement tabled yesterday, the federal government was keen to boast about maintaining its ‘fiscal anchor’—the budget guardrails that seek to limit spending and deficits. Yet its recent policy commitments suggest otherwise. With debt-servicing costs skyrocketing, the fiscal picture is anything but pleasant. While the 2023 Fall Economic Statement is light […]
The 2023 federal budget was widely projected to be one of balance and reaction: specifically, it would walk a tightrope aimed at keeping inflation under control and preparing for a potential economic downturn ahead. It would respond to the Biden Administration’s sweeping Inflation Reduction Act by offering competitive green innovation and business incentives, all to keep […]
Compared to the 2022 edition, the 2023 Ontario budget is relatively restrained in its spending commitments. That’s due in large part to what various members of Doug Ford’s Progressive Conservative government have been eager to signal in the lead-up to budget day: that we’re living in a period of economic uncertainty. Queen’s Park is pulling in […]
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