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Can Debt Decline & Financial Discipline Boost Prospects of ...

Summary by The Epoch Times
Reducing government debt in Canada could boost incomes for average workers by around $2,100 per year, a new study has found. If Canadian governments reduced their debt relative to the size of the economy (GDP) over five years back to pre-pandemic levels, it would increase productivity and boost incomes for average workers by $2,100 a year, says the study published by the Fraser Institute on June 24. “Labour productivity plays a crucial role in i…

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The latest research report released by the Canadian think tank Fraser Institute on Tuesday (June 24) pointed out that if the Canadian government can reduce government debt and restore the debt ratio in GDP to pre-epidemic levels in the next five years, it will increase productivity and the annual income of ordinary wage earners will increase by 2,100 yuan.

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The Workers Rights broke the news in on Tuesday, June 24, 2025.
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