Federal Budget Deficit

Balanced Federal Budget Could Come Sooner Than Expected

CP | Andy Blatchford, The Canadian Press | Posted 03.27.2015 | Canada Business

OTTAWA - The federal government posted a narrow surplus over the first 10 months of the current fiscal year, suggesting Ottawa could balance the books...

Why Are Harper and the Bank of Canada Following Contradictory Strategies?

Ralph Goodale | Posted 03.29.2015 | Canada Politics
Ralph Goodale

It's strange indeed to see the federal government and the central bank headed in opposite and contradictory directions. The Bank of Canada is moving to stimulate greater growth, while Mr. Harper pushes more austerity -- with the net effect of reducing aggregate demand.

When it Comes to Finances, Gen Y Should Be Called 'Gen Screwed'

Candice Malcolm | Posted 01.20.2015 | Canada Business
Candice Malcolm

Nine-million baby boomers will retire from the workforce over the next two decades, and when they do, they will start to consume the most expensive forms of government programs. This is great news for seniors, but terrible news for our public finances and for young Canadians forced to foot the bill. Generation Y has been dubbed the "Millennial" generation because we came of age at the turn of the new millennium. A more fitting name for this cohort is Generation Screwed.

Joe Oliver's Predictions For The Budget, By The Numbers

CP | The Canadian Press | Posted 01.12.2015 | Canada Business

OTTAWA - Finance Minister Joe Oliver delivered his annual fall update and five-year projection of the government's fiscal situation on Wednesday. Here...

Federal Deficit Half What It Was This Time Last year

CP | Julian Beltrame, The Canadian Press | Posted 09.24.2014 | Canada Business

OTTAWA - The federal government continues to show progress in its drive to eliminate the deficit by next year, the latest accounting from the Finance ...

Oliver Rejects Proposal To Create 75,000 Jobs

CP | Posted 07.23.2014 | Canada Business

OTTAWA — Finance Minister Joe Oliver is rejecting a recommendation from a report issued by the C.D. Howe Institute that he focus more on creating jo...

Ottawa's Deficit Hanging In There

CP | The Canadian Press | Posted 02.22.2014 | Canada Politics

OTTAWA - The federal government ran a deficit of $2.5 billion in October, unchanged from the same month last year.The monthly fiscal monitor said Mond...

Budgeting By Stealth

John McKay | Posted 02.19.2014 | Canada Politics
John McKay

Surplus budgeting is a worthy goal; however, the means by which the Government gets there has to be transparent. Increasing El premiums beyond sustainment and reducing eligibility is not transparent. Sale of undisclosed assets is not transparent. Lapsing budgets by stealth is not transparent.

Have Some Life-Long Debt, Son

Tim Paziuk | Posted 07.02.2013 | Canada Business
Tim Paziuk

Most people would agree that you shouldn't have to pay someone else's tax bill. Despite all of the myths surrounding tax filing, this one is actually in accordance with Canadian law. If a relative of yours were to die owing money, you have no obligation to pay their debts. It doesn't matter who they are, parents, siblings, aunts or uncles. If they have spent all their money, and die having nothing but debts, you're in the clear. However, unlike people whose debts die with them, a government's debt is carried forward forever (or until it's paid off). As we move through time, we're getting closer and closer to the point where it will be impossible to "clear our tab."

What Ottawa Isn't Saying About Canada's Deficit

Gregory Thomas | Posted 02.16.2013 | Canada Business
Gregory Thomas

Why has Canada's federal debt jumped over 30 per cent since 2008, to over $600 billion? Why did the government miss its deficit target by $1.4 billion last year, and what is pushing this year's deficit forecast higher by more than $5 billion to $26 billion? Figures released by the PBO show that, contrary to all the talk we've been hearing about cutbacks, Ottawa's payroll is getting out of control.

Your Share of Canada's Government Debt: $34,000+

Charles Lammam | Posted 02.16.2013 | Canada Politics
Charles Lammam

The management of public finances may not have received due attention from the premiers in Halifax. But as our federal and provincial political leaders gear up for next year's budget season, they would be wise to acknowledge the seriousness of growing government debt and put forth bold plans to balance their budgets. Kicking the debt down the road simply isn't an option.

'Gang Of Six' Senators Propose U.S. Debt Deal

THE CANADIAN PRESS | Posted 01.13.2012 | Canada Business

THE CANADIAN PRESS -- WASHINGTON - Leaders of a bipartisan "Gang of Six" senators said Tuesday that they've reached agreement on a major plan to cut t...

Details Missing From Tories' Deficit-Fighting Plan

The Globe and Mail | Posted 08.14.2011 | Canada Politics

The Conservative government is keeping much of its deficit-fighting plan under wraps, even as details trickle out as to where the knife will fall. Thr...