Canada’s Foggy Economic and Fiscal Future

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.