The global economic lockdown implemented to contain the COVID-19 virus has caused the most severe economic downturn in Canada since the Great Depression in the 1930s. However, while production plummeted, the overall income of Canadians fell much less because of the federal government’s...

When the final accounting is done, federal debt is likely to be about $550 billion higher because of pandemic-related lockdowns in Canada and other countries. Most of the current discussion around the additional debt focusses on its sustainability – whether the debt can be rolled over...