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Canada’s Foggy Economic and Fiscal Future
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| Citation | Don Drummond. 2020. Canada’s Foggy Economic and Fiscal Future. ###. Toronto: C.D. Howe Institute. |
| Page Title: | Canada’s Foggy Economic and Fiscal Future – C.D. Howe Institute |
| Article Title: | Canada’s Foggy Economic and Fiscal Future |
| URL: | https://cdhowe.org/publication/canadas-foggy-economic-and-fiscal-future/ |
| Published Date: | October 20, 2020 |
| Accessed Date: | May 22, 2026 |
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Canada in ‘Economic and Fiscal Fog,’ Needs Real Debate on Future Path
- Canada needs a national debate over its economic and fiscal future, according to Don Drummond, former chief economist for TD Bank.
- Drummond lays out four scenarios for Canada’s fiscal future, each targeting a deficit and debt track into the 2030s, and calls for fiscal restraint.
- Based on realistic assumptions for GDP growth and interest rates, which effect debt servicing cost, Drummond considers the most effective and efficient approaches to Canada’s economic and fiscal future.