Canada’s public debt has soared during the pandemic, reaching historic levels of over $1.2 trillion at the federal level—equivalent to more than $70,000 per taxpayer.
One of the factors undermining Canada’s economic recovery is its tax structure. The system we have now is one of the worst among industrialized countries.
The economy and the environment are two major concerns for Canadians in the current election. A number of irreconcilable objectives are driving public debate surrounding these matters.
An overwhelming majority of economists agree that international free trade grows businesses and creates good-paying jobs.
Since the start of the COVID-19 pandemic, the prices of many goods have jumped sharply. Prices have risen so much that Canada’s annual inflation rate is now 3.7%, the highest it’s been in ten years.
Although there have been some changes in the calculation methods used for national accounting, there has not been a single real balanced budget since the 2008 financial crisis.
In 2018, the federal government introduced a carbon tax applicable to those provinces that had not yet adopted a carbon pricing system.
As consumers, we generally pay close attention to our own credit scores. As residents, we should also keep a close eye on our province’s credit rating.
The federal government is chipping away a little bit at the edifice of freedom, ostensibly to promote the interests of Canadians.
In order to not just rebuild but also enhance economic opportunity, Alberta needs to carefully consider policy choices that will allow it to lead and to grow.