Does Canada Really Have a Deficit and Debt Problem?
This CCPA study examines Canada’s debt and deficit and finds that debt in Canada—even after two years of stimulus—is still at very low levels compared to other countries, and compared to the mid-1990s.
Big Train Coming: Does Canada Really Have a Deficit and Debt Problem? says a sharp turn to spending cuts in this fragile economic recovery and weak job market would be a huge mistake. Once the economy has recovered, the report recommends changes in taxation in order to address the small structural deficit and to meet the costs of an ageing population.
