Skip to main content

“I am a Canadian, free to speak without fear, free to worship in my own way, free to stand for what I think right, free to oppose what I believe wrong, or free to choose those who shall govern my country. This heritage of freedom I pledge to uphold for myself and all mankind.” ~~ John G. Diefenbaker

Trevor Tombe: Canada has a serious fiscal challenge looming as the federal debt explodes (The HUB)


Canada’s finance minister, Chrystia Freeland, will provide a fiscal update next Tuesday. It will not be pretty.

Federal finances are under increasing strain from slowing economic growth, expanded affordability measures, new social programs (such as dental care), massive subsidies for battery plants, and, perhaps most important of all, rapidly rising interest rates.

In fact, the monthly interest costs of the federal government are now at an all-time high. The latest available data for August shows federal interest costs exceeded $4.3 billion, surpassing the previous record of $4.03 billion set in December 1995. It’s more than double the pre-COVID amounts, as I illustrate below. And it’s the fastest acceleration in interest costs in recorded history ...

CLICK HERE for the full commentary

Labels:

Comments

Post a Comment

Popular posts from this blog

KRUGELL: BC NDP turns its attention from BC United to BC Conservatives

The BC NDP turning its attention, from BC United, to BC Conservatives was reported over the weekend from a variety of sources. It is the result of the surge in the BC Conservative's polling numbers and the subsequent collapse of BC United. The NDP has largely ignored the BC Conservatives, instead they opt to talk about issues directly or attack their old foes BC United. Practical politics says that parties closer to the centre tend to ultimately prevail over the long haul. They do wane but often make comebacks. A good example is the federal Liberals going from third party to government in 2015. Centrism has a lot of appeal on voting day. The NDP shifting its fire from United to Conservative is a reflection of reality. BC United did buy advertising online and radio over the last few months. Did that shift the polls back to them? Nope. The reality is today, the BC Conservatives are the party of the Opposition, and day by day the Conservatives are looking like a party not ready to fig
Post a Comment
Read more

RCMP gag order comes after BC NDP catch heat for diverted safe supply (Northern Beat)

In the wake of several high-profile police drug seizures of suspected safer supply that put the BC NDP government on the defensive last month, BC RCMP “E” division issued a gag order on detachments, directing them to run all communications on “hot button” public safety issues through headquarters in the lead-up to the provincial election. “It is very clear we are in a pre-election time period and the topic of ‘public safety’ is very much an issue that governments and voters are discussing,” writes a senior RCMP communications official in an email dated Mar. 11 in what appears to have gone out to all BC RCMP detachments . . . . CLICK HERE for the full story
Post a Comment
Read more

BC child killer's name change prompts criticism, political finger-pointing (Times Colonist)

The fact that child killer Allan Schoenborn has successfully changed his name under BC laws has prompted finger-pointing among politicians. BC Premier David Eby told media Thursday that in 2002 when opposition leader Kevin Falcon was the Minister of Deregulation he removed regulations under the Name Act that ensured name changes would be published publicly in the BC Gazette ... CLICK HERE for the full story
Post a Comment
Read more

Labels

Show more