Strengthening Canada’s Fiscal Resilience: The Challenge of Provincial Debt

Date

Tuesday January 12, 2021
4:00 pm - 5:00 pm

Location

Zoom

Kyle Hanniman
Assistant Professor,  Department of Political Studies, ³ÉÈË´óƬ

One of the ³ÉÈË´óÆ¬ sources of Canada’s resiliency in recent years has been the public sector’s ability to borrow. It allowed us to run countercyclical deficits during the global financial crisis and to build bridges for struggling businesses and households during the current pandemic. But this capacity varies considerably across orders of government. The federal government is in a far better position than the provinces to stabilize its debt-to-GDP ratio. It is also less vulnerable to credit shocks. This asymmetry is not unique to Canada. Still, it poses special risks for us because of our unparalleled stock of subnational debt. Canada needs to slowly stabilize provincial borrowing, while ensuring other policy goals, including the provision of adequate services, investment and fiscal stabilization, are met. This talk will discuss the sources of provincial debt and possibilities for stabilizing it going forward.    

Ottawa needs to pay more attention to these red flags on provincial debt

Higher debt is not only a burden, but also exposes provinces to increasingly challenging fiscal risks

Financial Post comment by Kyle Hanniman (assistant professor of political studies at Queen’s University) and Trevor Tombe (associate professor of economics at the University of Calgary and co-director of Finances of the Nation).

Article Category

Tom Courchene Distinguished Speaker Series

Date

Wednesday May 19, 2021
4:30 pm - 5:30 pm

Location

Zoom

UNDRIP

2021: UNDRIP Is the Start, Not the Finishing Line

Speaker: 
Jody Wilson-Raybould, P.C., Q.C., M.P.

The Honourable Jody Wilson-Raybould, P.C., Q.C., M.P. (Puglaas) – Canada's first Indigenous Minister of Justice and Attorney General, and Canada's first elected female Independent Member of Parliament has been a leader among Indigenous peoples advocating for the proper recognition and implementation of Indigenous rights. Despite political rhetoric that promises change, and some incremental progress, the fact remains that this transformative change is yet to happen. Why do Governments struggle to effect true reconciliation? Why has this urgently needed change been so slow in coming? What should governments, Indigenous peoples, and the public be doing today to drive forward the real change that is needed? What role can the United Nations Declaration on the Rights of Indigenous Peoples play in this work? Hear her answer these questions, and others, while sharing insights from her unique experience as an Indigenous and Canadian politician and leader.

FREE event

Registration is required.  or view the .

Is Canada's Critical Infrastructure Vulnerable?

IIGR Director Christian Leuprecht discusses this on 'The Agenda with Steve Paikin'

Earlier this month the Colonial Pipeline, which transports nearly half of the U.S. east coast's fuel supplies, was hacked by a ransomware gang. That shut down its operations on the 5,500 mile pipeline causing gas prices to soar. Could a similar attack happen in Canada? How vulnerable is the country's critical infrastructure to attack? And is the Canadian government taking the escalating cyber threat seriously enough? The Agenda examines cyber threat in Canada.

Article Category

Lazar, Harvey

Harvey Lazar

Former Director

B.Sc. (McGill), M.A. (British Columbia), Ph.D. (LSE)

Institute of Intergovernmental Relations

University of Victoria

Harvey Lazar served as director of the Institute of Intergovernmental Relations from January 1997 to June 2005. Previously, he had a long career in the Canadian Public Service, including assignments as Deputy Chairman of the Economic Council of Canada (1986-1992); and Senior Assistant Deputy Minister, Strategic Policy, Human Resources Development Canada (1992-1995). Dr. Lazar contributed to a number of major research reports during his years in Public Service, on such diverse topics as retirement income policy, social policy, labour market development, financial institutions and foreign investment policy. He is currently the Senior Research Associate, Centre for Global Studies and Adjunct Professor for the School of Public Administration at the University of Victoria.

His current work focuses on fiscal federalism, health policy reform and federalism and public health and federalism.

  • Fiscal Federalism
  • Health Policy and Federalism
  • Global Integration and Federalism
  • Comparative Federalism

Juneau, André

André Juneau

André Juneau

Former Director

Institute of Intergovernmental Relations

Mr. Juneau was the director of the IIGR from March 2010 to December 2013. Prior to that, he had a thirty-five year career in the Canadian public service during which he held several senior policy positions related to intergovernmental relations, social policy  (labour market, immigration, health) and government decision-making. His first deputy-level position was deputy secretary to the Cabinet for operations. He then served as the first deputy minister of Infrastructure and Communities from 2002 to 2006. Before retiring from the public service in 2009, Mr. Juneau served as the director for Canada and Morocco on the resident board of the European Bank for Reconstruction and Development in London, U.K. for three years. Since then he has lectured in Canada and abroad on federalism and on infrastructure. He was president of the national board of the Institute of Public Administration of Canada in 2014-2015. He now sits on the board of directors of the Windsor Detroit Bridge Authority.