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Why justifying austerity just got harder
The Internet exploded this week with the revelation that researchers from the University of Massachusetts had debunked the widely-accepted thesis from Harvard professors Carmen Reinhart and Kenneth...
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The real story of the former McGuinty era
CP/Chris Young Dalton McGuinty resigned his legislative seat today, and appraisals of the former Ontario premier’s legacy have begun. Attention has naturally fallen on the power-plants saga and the...
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Making sense of provincial debt downgrades
(Shutterstock) Canada’s provincial budgets aren’t in good shape. Eight out of ten provinces will run deficits this year, with BC and Quebec as the only two exceptions. (For data, see here.) This...
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Ignore the government debt bogeymen, we have bigger problems
(Adrian Wyld/CP) This post, by Kevin Carmichael, first appeared at Canadian Business. Joe Oliver, the former finance minister who oversaw Canada’s plunge into recession last year, is a mere citizen of...
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Why Ontario’s balanced budget is no cause for celebration
Ontario Finance Minister Charles Sousa, right, delivers the Ontario 2016 budget next to Premier Kathleen Wynne, left, at Queen’s Park in Toronto on Thursday, February 25, 2016. (Nathan Denette/CP)...
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