Canada’s high government spending and debt accumulation did not produce economic growth during COVID
Global Aftermath: The Economic and Fiscal Effects of COVID in Canada and the World
By Fraser Institute —— Bio and Archives--May 11, 2023
Canadian News, Opinion | Comments | Back To Full Article
VANCOUVER—During the pandemic, despite high levels of government spending and debt accumulation, Canada’s economy underperformed compared to most other advanced countries, finds a new study published today by the Fraser Institute, an independent, non-partisan Canadian public policy think-tank.
“While governments across Canada, particularly the federal government, increased spending markedly during COVID, it’s now clear we didn’t get much bang for our buck,” said Livio Di Matteo, professor of economics at Lakehead University, senior fellow at the Fraser Institute and author of Global Aftermath: The Economic and Fiscal Effects of COVID in Canada and the World.
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