Canada Budget Deficit

Canada To Hit Major Debt Milestone Tomorrow

CP | The Canadian Press | Posted 01.23.2013 | Canada Business

OTTAWA - The country is about to pass a red-ink milestone that the Canadian Taxpayers Federation says is completely unnecessary. The national debt ...

Ottawa's Deep Spending Cuts Unnecessary, Ratings Agencies Say

The Huffington Post Canada | Daniel Tencer | Posted 02.14.2012 | Canada Business

The federal government doesn’t need to ramp up spending cuts, and implementing them could harm Canada’s economy as it struggles with weak global d...

Ottawa Ahead Of Schedule On Deficit Reduction

CP | Julian Beltrame, The Canadian Press | Posted 03.28.2012 | Canada Business

OTTAWA - The federal government is well ahead of schedule in reducing the size of the deficit, even as it is preparing to cut back on pensions and the...

Harper Warns Of 'Tough Choices' On Economy

CP | The Canadian Press | Posted 03.16.2012 | Canada Business

OTTAWA - With Europe on the verge of a new recession and the rest of the world facing economic uncertainty, Prime Minister Stephen Harper warns that 2...

Tories Won't Pay Price For Delaying Balanced Budgets: Poll

CP | Julian Beltrame, The Canadian Press | Posted 01.21.2012 | Canada Politics

OTTAWA - The Harper government appears to be getting a free pass from Canadians for backtracking on a key campaign promise to balance the federal budg...

Flaherty Misses Budget Targets, Promises Smaller EI Premium Hike

CP | Posted 01.08.2012 | Canada Business

CALGARY - Finance Minister Jim Flaherty conceded Tuesday he won't be able to balance the budget in four years as promised after all, while at the same...

Tories Likely To Concede They Won't Make Balanced Budget Target

CP | Julian Beltrame and Lauren Krugel, The Canadian Press | Posted 01.07.2012 | Canada Business

Finance Minister Jim Flaherty conceded Tuesday he won't be able to balance the federal budget in four years as promised, but he moved to lighten the l...

Full Text Of Ed Clark's Speech At Ivey Awards Dinner

Posted 12.20.2011 | Canada Business

Good evening. I'm delighted so many people have taken time out of their evening to be here -- especially on a night of gale forces and hard rain. ...

Rachel Mendleson

Canada Risks Ending Up On 'Road To Greece' Business Group Warns

HuffingtonPost.com | Rachel Mendleson | Posted 12.03.2011 | Canada Business

Canada's combined federal and provincial net debt will pass $1.1 trillion at 11 p.m. ET on October 3, according to a recent calculation. But while som...

Federal Budget Deficit For July Triples

CBC | Posted 11.30.2011 | Canada Business

The federal budget deficit in July rose to $1.6 billion, compared with $0.5 billion in the same month a year earlier, the Finance Department reported ...

Harper Spends A Little To Save A Lot

CP | Dean Beeby, The Canadian Press | Posted 11.19.2011 | Canada Politics

OTTAWA - The Harper government defended paying almost $90,000 a day to a big consulting firm for advice on how to save money, saying it can't do the j...

Rachel Mendleson

Federal, Provincial Governments: Give 'Em An Inch, They'll Take $82 Billion

HuffingtonPost.com | Rachel Mendleson | Posted 11.15.2011 | Canada Business

For many of us, the immediate response to receiving an unexpected windfall of cash is to spend it -- which, as a new study suggests, is an impulse tha...

Bob Rae Blasts Tories' 'Forced March To Austerity'

CP | Joan Bryden, The Canadian Press | Posted 10.30.2011 | Canada Business

OTTAWA - Bob Rae says the Harper government's dogmatic approach to deficit and tax reduction risks driving Canada into an economic ditch.The Liberal l...

Canada Clocks Smaller Budget Deficit

CP | The Canadian Press | Posted 10.26.2011 | Canada Politics

OTTAWA - The federal government posted a $2.2-billion deficit for June, down from a $2.8-billion shortfall in 2010 as revenue grew faster than spendin...

Flaherty Promises Surpluses Sooner Than Thought

The Huffington Post Canada | Daniel Tencer | Posted 10.19.2011 | Canada Business

Canada's federal government is on track to return to budget surpluses a year earlier than previously forecast, Finance Minister Jim Flaherty said Frid...

Rachel Mendleson

Economists Cast Wary Eye On Harper's Promise Of Cuts

HuffingtonPost.com | Rachel Mendleson | Posted 10.12.2011 | Canada Business

Despite renewed global economic unrest, Prime Minister Stephen Harper took a break from his trade mission to Latin America to affirm Ottawa’s promis...

Another Recession? 'This Time We'll Be On Our Own'

The Globe and Mail | Posted 10.09.2011 | Canada Business

The developed world is in clear and present danger of sinking back into recession. If that happens, the Harper government will be far less equipped to...

Rachel Mendleson

Does Canada Really Need All These Budget Cuts?

HuffingtonPost.com | Rachel Mendleson | Posted 10.09.2011 | Canada Business

With debt crises in the United States and Europe threatening to send a still-shaky world economy teetering over the edge, Canada’s finances have rar...