Canada's worst fiscal crisis in generations is brewing - Full Comment

The financial trouble the Trudeau Liberals have put Canada in looks disturbingly unlike previous debt and deficit hangovers, as William Robson tells Brian Lilley this week. The losses Ottawa has pushed onto the Bank of Canada are choking off desperately needed income, explains Robson, president and CEO of the C.D. Howe Institute. Wages are losing ground. Business investment indicators are the worst since the 1940s. Unfunded pensions are soaring. Federal spending keeps rising. And the government continues adding enormous immigration inflows to a strained economy. Canada, Robson says, is “going down a very strange path” — and Ottawa seems not to care. (Recorded November 24, 2023)