Unleash the line graphs
Here at Maclean's, we appreciate the written word. And we appreciate you, the reader. We are always looking for ways to create a better user experience for you and wanted to try out a new functionality that provides you with a reading experience in which the words and fonts take centre stage. We believe you'll appreciate the clean, white layout as you read our feature articles. But we don't want to force it on you and it's completely optional. Click "View in Clean Reading Mode" on any article if you want to try it out. Once there, you can click "Go back to regular view" at the top or bottom of the article to return to the regular layout.
Stephen Gordon tackles the current account deficit question.
Eventually, the current account will adjust: government budget balances will continue to improve, and savings levels will improve as incomes recover and when interest rates start increasing back to normal levels. But if the NDP wants to claim that a large current account is a problem, I’d like to know what they would have done differently during the recession and recovery and how it would have reduced the current account deficit. But more importantly, I’d like to know why they see it as a problem to be solved.