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FRASER UPDATE
A weekly digest of our latest research, commentary, and blog posts
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Federal Budget Analysis
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Federal budget lacks much-needed vision for the economy [[link removed]]
(Appeared in the Toronto Sun) by Jake Fuss
When spending is financed by large deficits, it can fuel inflation or impede economic growth.
Freeland’s comments on federal budget are head-scratching and misleading [[link removed]]
by Jake Fuss
Federal debt is projected to rise from 42.4 per cent of GDP in 2022 to 43.5 per cent of GDP in 2023.
Budget 2023—a reckless approach to federal finances [[link removed]]
by Jake Fuss
The budget projects a deficit of $40.1 billion in 2023/24, which is nearly $10 billion higher than projections in November.
Federal budget ignores economic growth at expense of Canadian living standards [[link removed]]
by Jason Clemens, Milagros Palacios and Jake Fuss
The budget speech never mentioned the word “entrepreneurship."
Latest Research
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Household incomes in Windsor and London fell from top third in Canada to the bottom third over fifteen years
Economic Performance in Southwestern Ontario’s CMAs: A National Perspective, 2023 Update of the 36 metropolitan areas in Canada covered by Statistics Canada, Windsor experienced the largest drop in its ranking for median household income—having the 11th highest median household income in Canada in 2005 to having the 33rd highest median household income in 2019. Similarly, London fell from 13th to 28th place.
Read More [[link removed]]
Commentary and Blog Posts
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Federal government injects climate change theatre into concrete deals [[link removed]]
(Appeared in the National Post) by Matthew Lau
These requirements, which will inflate costs to taxpayers, do nothing to improve the goods or services provided.
Albertans set to pay more interest on government debt—despite surpluses [[link removed]]
(Appeared in the Edmonton Sun) by Tegan Hill and Ben Eisen
According to projections, debt interest costs will reach $3.1 billion in 2025/26.
Ottawa turns blind eye to obvious benefits of natural gas exportation [[link removed]]
(Appeared in the Winnipeg Sun) by Kenneth P. Green
Generating returns to investors and shareholders in energy companies is a good thing.
Outlook for interest rates remains uncertain while governments rack up more debt [[link removed]]
(Appeared in the Financial Post) by Lawrence Schembri and Steven Globerman
By 2028, the federal government will add a projected $131.8 billion in debt.
Cost-sharing could improve patient accountability in Canada [[link removed]]
(Appeared in the Victoria Times Colonist) by Mackenzie Moir and Bacchus Barua
In Sweden, patients usually pay a nominal fee for family doctor appointments.
Government monopoly on curriculum limits school choice [[link removed]]
(Appeared in the Epoch Times) by Michael Zwaagstra
B.C. recently revamped its curriculum—and definitely not in a good way.
Picking a federal fiscal anchor is not enough—you must stick to it [[link removed]]
by Jake Fuss
The federal debt-to-GDP ratio is on track to increase between 2022-23 and 2023-24.
Newfoundland and Labrador government misses opportunity to restrain spending and avoid more debt [[link removed]]
(Appeared in the St. John's Telegraph) by Jake Fuss and Alex Whalen
Since 2021/22, the province has spent 89 per cent of all new revenue.
Ontario government once again refuses to reduce taxes for workers and businesses [[link removed]]
(Appeared in the Toronto Sun) by Jake Fuss
The budget plan lacks a comprehensive vision to enhance the province's competitiveness.
New poll finds strong support for socialism in the U.K. [[link removed]]
by Jason Clemens and Steven Globerman
Among Britons aged 18 to 34, support for socialism increases to 53 per cent.
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