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FRASER UPDATE
A weekly digest of our latest research, commentary, and blog posts
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Latest Research
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Canada’s debt ranking falls from best in the G7 to 5th worst of 29 advanced countries when total debt is measured
Caution Required When Comparing Canada’s Debt to that of Other Countries is a new study that finds Canada’s relative debt position is much worse than the federal government suggests when compared to a larger group of advanced countries. In fact, while Canada does have the lowest net debt to GDP in the G7, Canada’s position falls to 11th when the analysis is expanded to include 29 advanced countries, including many European countries and Australia. What’s more, when gross debt—and not net debt—are measured, Canada is the 25th most indebted country out of the 29 included in the study.
Read More [[link removed]]
Commentary and Blog Posts
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Federal government’s spending rationale based on misleading debt picture [[link removed]]
(Appeared in the Financial Post) by Jason Clemens and Milagros Palacios
Canada has the fifth-highest level of total indebtedness (relative to the size of our economy) among 29 industrialized countries.
Canadians paying dearly for mounting provincial debt [[link removed]]
(Appeared in the Ottawa Sun) by Jake Fuss
In Canada, government net debt has doubled from $1 trillion to $2 trillion.
Canada should improve access to pharmaceuticals in post-COVID world [[link removed]]
by Bacchus Barua
Drugs were approved in the U.S. 469 days earlier (on average) than in Canada.
Federal government ignores wildfire data while planning more wildfire spending [[link removed]]
(Appeared in the Calgary Sun) by Robert P. Murphy
From 1959 to 2019, Canada's six worst years for fires all occurred prior to 2000.
Furey budget kicks ‘spending’ can down the road [[link removed]]
(Appeared in the St. John's Telegram) by Alex Whalen and Jake Fuss
The reduced deficit relies largely on oil and gas royalties and transfers from Ottawa.
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