Massive federal deficit shows signs of shrinking, but economists urge policy review to avoid austerity measures
Kevin Page says he believes the federal government is still a few years away from considering a 'fiscal reckoning,' and says now is the time to begin launching policy reviews.
Despite the federal government posting a "historic" deficit during the pandemic, economists and Canada's first parliamentary budget officer forsee it rapidly shrinking in the coming years as the country exits the pandemic and pulls back on its broad-based supports for Canadians.
"If you look at the...
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