Canada spent whopping $352.1 billion on corporate welfare in decade preceding COVID pandemic
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According to the Fraser Institute, all levels of government in Canada spent $352.1 billion (inflation-adjusted) subsidizing businesses over 13 years.
“These subsidies for businesses — also known as corporate welfare — come with huge costs to government budgets and taxpayers while doing little if anything to stimulate economic growth,” said Tegan Hill, an economist at the Fraser Institute and co-author of The Cost of Business Subsidies in Canada.
In the study, business subsidies…
