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Canada’s government needs stricter spending rules, warns Peter Watson, citing a $1.03B loan to Canada Post and urging leaders to risk their own pensions on major fiscal decisions.
Canada’s federal government must adopt stricter fiscal discipline, treating public funds with the same care as individual households, warns financial planner Peter Watson.
Amid growing economic pressures from tariffs, artificial intelligence, and rising demand for public support, he criticizes the $1.03-billion loan to struggling Canada Post, urging elected officials to risk their own pension benefits when approving large spending decisions.
Without the accountability that businesses face through bankruptcy, Watson argues that self-imposed fiscal restraint is essential to maintain the government’s ability to assist Canadians during future crises.
El gobierno de Canadá necesita reglas de gasto más estrictas, advierte Peter Watson, citando un préstamo de $1.03B a Canada Post e instando a los líderes a arriesgar sus propias pensiones en importantes decisiones fiscales.