This week, Finance Minister Chrystia Freeland will table the 2022 federal budget, which will position Canada for a post-pandemic world and set the tone for the country’s next decade –– or at least until 2026, should the recent Liberal-NDP deal stay intact.
While all federal budgets are important, this one is especially so, not only because of the impacts of COVID-19 and the new world disorder sparked by Russia’s Ukraine invasion, but because Canada itself is in a very precarious economic position.
Canada’s GDP growth has been
slowing since 2014 and, according to the Organization for Economic Co-operation and Development (OECD), will see the worst per capita GDP growth among advanced economies over not just the next ten years, but until at least 2060. Our debt indicators are also flashing red, and our national productivity lags behind peer nations.
…& the Budget will balance itself….
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To be clear, this forecast of economic decline isn’t a worldwide phenomenon, but a Canada-specific one. For nearly a half-century, the rest of the advanced world will mostly grow richer as we grow poorer and fall evermore behind. The rest at the link:
While all federal budgets are important, this one is especially so
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