Canada faces urgent challenges, time for political parties to put partisan pettiness aside
This is not a trivial matter. Canada faces urgent challenges. There are no easy silver bullets that will overcome our economic, social, and environmental challenges, just hard choices.
Finance Minister Chrystia Freeland, pictured Sept. 30, 2020, on the Hill. Freeland’s 2021 budget relied on optimistic forecasts to show progress in addressing budget deficits and debt. But as both a Bennett Jones study and a report by the C.D. Howe Institute, prepared by Alexander Laurin and Don Drummond show, Canada faces significant risks because the forecasts of the budget are overly optimistic and could easily be thrown off course by the high probability of higher interest rates, slower economic growth or another recession, creating a fiscal crisis and a new austerity, writes David Crane. The Hill Times photograph by Andrew Meade