Dear John,

Yesterday, the Trudeau government tabled the federal budget for the 2021/22 fiscal year. As expected, the pages were covered in red ink, with the government forecasting a $154.7 billion deficit this year.

Read the Fraser Institute analyses below:

Federal budget lacks realistic recovery plan despite all the red ink
by Jake Fuss and Alex Whalen
This year’s federal budget was full of new spending items and red ink for years to come. Unfortunately, little concern was shown for the long-term health of federal finances and long-term sustainable economic growth. Read more...

Federal ‘stimulus’ spending will likely arrive late with minimal benefits
Appeared in the Toronto Sun - by Jake Fuss and Alex Whalen
In today’s federal budget, the first in two years, the Trudeau government unveiled massive spending on stimulus measures, which it claims will help Canada “build back better.” Despite the $101 billion in proposed spending, there are several problems that may impede Canada’s recovery. Read more...

Trudeau government pushes national childcare onto premiers’ plate
by Lydia Miljan
You’ve got to hand it to the federal Liberals, they are masters of communication. The news stories heralding the new national childcare policy (announced Monday in Budget 2021) are filled with graphs and charts on the median cost of childcare by major city. Read more...