Another Day Older and Deeper in Debt with Parisa Mahboubi and Bill Robson
When it comes to Canada's finances, the country is aging in more ways than one. With a shrinking workforce, government revenue growth slowing, and costs for healthcare, pensions, and seniors benefits escalating. This issue disproportionately affects provincial governments, who bear the brunt of healthcare spending.
In the recent C.D. Howe Institute commentary "Another Day Older and Deeper in Debt: The Fiscal Implications of Demographic Change for Ottawa and the Provinces," we learn that over the next four decades governments face an implicit $2 trillion liability because of these demographic…
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