Economic update: A smaller-than-expected deficit due to inflation

Montreal, November 3, 2022 – The Montreal Economic Institute (MEI) reacted to the release of the federal government’s economic update earlier today. “The federal government should show some humility before taking credit for the reduction of the deficit,” says Olivier Rancourt, economist at the MEI.

Consumers will foot the bill for digital services tax

Behind the high-minded slogans about “fair shares” and “making multinationals pay” hide two other facts: that it is once again, as always, taxpayers who will foot the bill, and that the hoped-for benefits will likely not materialize.

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