What's the most ridiculous regulation in Canada?
Meet the top offenders and choose the worst!
This report examines the financial health of the federal and provincial governments in Canada.
In 2016, the economy grew faster than expected – meaning higher revenues for the federal government. Spending levels, however, were higher as well. Balanced budgets became more common among the provinces – with the exceptions in the resource regions - but overall debt levels climbed rapidly.
Looking forward, the report anticipates federal deficits equivalent to 1.2 per of GDP through 2022/23 and stabilizing revenue and spending trends for the provinces.