“New normal” federal program spending has reached unprecedented levels in Canada, with per-person spending in 2021 expected to exceed $13,000—a 34.8 percent surge from pre-COVID levels in 2019, according to a new report. The report, published by the think tank Fraser Institute, notes that the federal government’s spending, adjusted for inflation, would have hit a…
‘Unprecedented’ Federal Spending Exceeds Amount During 2009 Global Recession, World War II: Report
BC Liberals Leadership Hopeful Goes to Bat for Fellow Candidate Targeted for His Opinions
Ellis Ross, a candidate in the BC Liberal Party leadership race, is coming to the defence of a fellow candidate who is being targeted for his conservative opinions, saying the party should maintain its “big tent” and not shun the candidate. That candidate, political outsider Aaron Gunn, declared his intention to run for leadership of the…
Jagmeet Singh Defends NDP’s Election Showing Despite Meagre Caucus Growth
Jagmeet Singh said Tuesday he feels secure in his leadership despite an NDP seat count that barely budged following a pandemic election that exposed a tarnished Liberal brand and saw Canadians consistently rank him as the most popular party chief. The New Democrat leader said his caucus will still make progress in Parliament, despite his…
Province-by-Province Breakdown of an Almost Carbon Copy Election
More results of the 2021 election continued to roll in on Tuesday, but the outcome is all but settled with Liberal Leader Justin Trudeau returning to power with another minority government. A province-by-province breakdown of the vote shows that not much has changed in Canada’s political landscape since the last election in 2019. Alberta While…
Economic Platforms of the Political Parties
September 7, 2021
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Business & EconomyCanadaConservativesEconomieselectiongreensLiberalsNDPPeople's Party of CanadaWorld
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Liberal Party The Liberals were the second-to-last of the main political parties to release their economic platform, but it was the only one fully costed. Costing has not yet been done for the other parties’ platforms. In addition to running up a record deficit and debt, the Liberals are prepared to spend more than $78…
Political Parties Grapple With Housing Affordability Crisis
August 25, 2021
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Business & EconomyCanadaConservativesEconomieselectionGlobal Real Estategreenshousing affordabilityLiberalsNDPppcreal estateWorld
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Analysts can see repercussions from implementing national housing policies and point out that it’s debatable what role the federal government should play.
Wealth Tax a ‘Bizarre’ Policy, Says Jack Mintz
With the 44th federal election on Sept. 20, political parties are pumping out economic plans and promises, and the wealthy are once again becoming a punching bag.
Election Call Comes Before Fallout From Record Deficits and Debt Hits: Analysts
Although polls show the majority of Canadians are concerned about the federal debt and deficit, the issue may take a back seat during the election as blowback from the ballooning debt hasn’t had a major impact yet, say veteran political and economic analysts. The Trudeau government has borrowed substantially to respond to the pandemic, causing…
NDP Demands Federal Wage-Subsidy Clawbacks, but Critics Question Feasibility
OTTAWA—The NDP is calling on the federal government to claw back pandemic wage subsidies handed to companies that took advantage of the cash to boost executive compensation, but economists say other paths to worker support may mark a more feasible route. In a May 13 letter to Finance Minister Chrystia Freeland, New Democrat Peter Julian…
No Election yet as Liberal Minority Government Survives Third Budget Confidence Vote
OTTAWA—With the help of the NDP, Justin Trudeau’s minority Liberal government has survived the last of three confidence votes on its massive budget. The House of Commons approved Monday the government’s general budgetary policy by a vote of 178-157. Liberals were joined by New Democrat MPs in voting for the budget, in accordance with NDP…
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