Mike's Daily Comment
Events outside our borders will have a major impact on whether the massive provincial and federal deficits are affordable.
Canada’s federal debt this year alone will double but few seem to care how the money’s spent- or wasted – as long as the government says it’s about the pandemic.
Same people who didn’t predict the 2008 credit crisis, the collapse of the overnight lending markets in Sept, 2019 and the financial fall-out from the pandemic are pretending that’s the last of the disruptions.
Increasing taxes shouldn’t even be a consideration but politicians can’t help themselves and it makes recovery that much harder.



The Lack of Information is by Design
Posted by Michael Campbell
on Wednesday, 9 December 2020 7:00
After 9 months, given the lack of transparency when it comes to the research behind the Covid restrictions and the lack of information regarding government spending it’s tough not to conclude it’s on purpose.