A report says the federal budget is on track to be $20.5 billion in the red this fiscal year,
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But the former parliamentary budget officer said it was "exciting."
Canadian Press/Jake Wright
Canada's economy is growing slower than expected, Morneau says.
Weaker economy will take a bite out of government revenue.
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It was a period in which both the Liberals and Conservatives had turns managing the public books.
The news came as a surprise: Quebec now has a budget surplus. This is good news for a province that writes most of its budget in red ink. While this surplus is cause for celebration, already many commentators have proposed that it be "re-invested." Re-investment, of course, is code for more spending.
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Spring budget had projected the deficit to be $5.4-billion.
Yes folks, we’ve become the Luke Skywalker of the world economy.
The first budget delivered by the Liberals signaled a return to 1970s Trudeaupian Liberalism, not just with its flagrant disregard for balanced budgets and ballooning debt, but also by disregarding a core accountability under our Constitution: Canada's military.
"What we showed Canadians was that we are going to do what we said we were going to do."
For all the teachers out there who go the extra mile for their students.
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The Liberals are projected to rack up $150 billion in deficits over five years.
He's set to unveil fresh numbers Monday.
Ottawa's fiscal monitor says the improvement was boosted by higher personal income tax and Goods and Services Tax revenues.
Government spending more effective than rate cuts, Poloz says Trudeau hints at larger deficits BoC, feds no longer working at cross-purposes As governor of the Bank of Canada, Stephen Poloz is expe...
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OTTAWA — Canada's budget watchdog says the federal government's medium-term deficits will likely be billions of dollars higher than what was predicted in "optimistic" Liberal forecasts. The parliament...
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Spending one's way to growth is nothing new. What is new, and what is a first for almost any developed country is that Canada will be using both monetary and fiscal policy as a way to get the economy growing again at the expense of a balanced budget. For the economy as a whole, it is unequivocally good news.
OTTAWA — The federal government ran a deficit of $2.3 billion in August, according to the Finance Department's monthly fiscal monitor. The result compares with a deficit of $300 million in the same mo...
With a low debt-ratio to start with and interest rates at rock bottom levels, this is the time to invest and grow. That will help lift the economy and create jobs. And that's what Canada needs now more than ever. The Harper/Mulcair fixation on a short-term balanced budget -- at the expense of growth and everything else -- is the wrong priority.
"Right now, it could be a deficit, it could be a surplus. Who knows?"
OTTAWA — Imagine a Calgary Stampede chuckwagon team pulling in two directions at once. As the three federal party leaders gather in Calgary for Thursday night's crucial election debate on the economy,...
Conservative Leader Stephen Harper was on the campaign trail Thursday touting what his government is calling a return to balanced budgets, but a new forecast from National Bank Financial could put a d...
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OTTAWA — "Despite Stephen Harper's promise of balanced budgets, he has run eight straight deficits..." — Liberal Party news release distributed Tuesday. "Stephen Harper has run eight straight deficits...
Last week, the parliamentary budget office released an analysis that showed Ottawa was headed for a $1-billion shortfall in 2015-16.
OTTAWA - The Bank of Canada's latest economic forecast puts the federal government on track to run a $1-billion deficit in 2015-16, casting doubt on the governing Conservatives' promise to balance the...
Liberal Leader Justin Trudeau says an economic forecast shows the Conservative government has failed to protect the economy and help Canadians.
The prime minister's office offers an explanation.
OTTAWA - Ottawa ran a deficit of $3 billion in March compared with a deficit of nearly $6.7 billion in the same month last year as federal government revenue outpaced increased spending.In its fiscal...
OTTAWA - Canada's trade deficit grew to a record $3 billion for March as the drop in oil prices weighed on exports, Statistics Canada said Tuesday, but economists suggested things may pick up."Canada'...
During this tax and budget time, let's consider two "tectonic realities" about governments and numbers -- helpful to think about, given that there is plenty of "underground" action. It explains why governments often get themselves (and taxpayers) into trouble later.
OTTAWA - "When our government first came to power, we worked hard to reduce Canada's substantial federal debt. We did it in short order, by more than $37 billion." — Finance Minister Joe Oliver's budg...
According to the NDP's math, Stephen Harper would owe taxpayers $94,202