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Analysis by Oxford Economics estimated that 25% tariffs implemented across all sectors and predicted retaliatory tariffs would cause Canada's GDP to fall by 2.5% by early 2026, increase its inflation rate to 7.2% by mid-2025, and increase its unemployment rate to 7.9% by the end of 2025 due to an estimated 150,000 layoffs.
Government debt securities provide a useful measure of government debt as they are a large share of government debt (76.2% in 2020), [13] and are relatively straightforward to measure. By contrast, the second largest debt component, employee pension plan liabilities, [ 13 ] are less easy to value as they depend on employee longevity and the ...
The Keeping Canada’s Economy & Jobs Growing Act, introduced in October 2011, triggered a phase-out of the per-vote subsidy from 2012-2015. [27] The amount paid out to parties decreased from approximately $2 per vote in 2012 to approximately $0.50 per vote in 2015, the final year of the subsidy. [28] Contribution limits were increased in 2014.
Generation Screwed, [64] is a non-partisan campus-based movement seeking to raise awareness on the issues of government debt and unfunded liabilities, and how they affect young Canadians. Founded in 2013 as a Canadian Taxpayers Federation initiative, the movement is currently the biggest free-market oriented campus initiative in Canada, with ...
The Canadian federal budget for the fiscal years of 2023–24 was presented to the House of Commons by Finance Minister Chrystia Freeland on 28 March 2023. [2] The budget was meant to reflect Prime Minister Justin Trudeau's stated policy objective to "make life more affordable for Canadians" [3] while also reducing government expenditures.
Freeland, speaking less than a week before she is due to present a fiscal update in the form of a mini budget, stressed Canada's debt-to-gross-domestic-product ratio was the most important ...
Inflation Trends. Inflation measures the general increase in the price of specific everyday items like a carton of milk or eggs over time, usually a year. The current inflation rate is 2.9% ...
Nova Scotia was the first Canadian adopter of responsible government. Some evidence exists of relationships between Nova Scotia pre-confederation premier Charles Tupper, who prior to Confederation was a strong supporter of the interest of trans-Canada railway companies, and negotiating with the General Mining Association, which had a de facto monopoly on mining.