Federal Deficit

CP

Feds On Track To Run $1B Deficit: PBO

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...
CP

Aid Agencies Fearful Of Budget Day

OTTAWA - Canadian aid agencies are fearful that after five years of cuts and freezes, Tuesday's federal budget will fail to reverse the country's continuing decline in foreign aid spending.Their finge...
CP

Spending Cuts Help Shrink Deficit

OTTAWA - The Canadian government says it posted a budgetary deficit of $3.3 billion over the first eight months of the 2014-15 fiscal year — a considerable change from the $13.4 billion shortfall over...
PC

Ottawa's Deficit Spending Needs to Stop

The federal government now appears once again poised to balance its budget after several years of deficit spending. A step backwards in the direction of borrowing and spending more would be a huge loss with little economic reward.
CP

$1.1-BILLION <em>SURPLUS</em>

OTTAWA - The federal government recorded a massive surplus in December, the first since last June and the largest one-month windfall since the recession in what some see as the beginning of the stretc...
Alamy

Cut Spending -- Don't Just Slow Its Growth

With federal Finance Minister Jim Flaherty poised to unveil his 2014 budget on February 11, early signs point to a business-as-usual budget with his government staying focused on eliminating the deficit in 2015 and creating the fiscal room to provide tax relief in next year's budget. But Flaherty could take a different approach and positively surprise Canadians.
CP

The Tories Have Some Nerve Lecturing The World On Debt

Prime Minister Stephen Harper and Finance Minister Jim Flaherty went to Russia for the G20 conference this week, and decided that this would be a good time to pressure the world into cutting government spending and implementing austerity measures. Unfortunately, to the leaders at the G20 -- stuck as they are between deficits and sinking economies, between the option of printing money and doing nothing -- Harper and Flaherty are just as likely to come off as a bunch of self-righteous jerks.
CP

Up Goes Our Deficit

The Harper government has pushed back its target date for eliminating the deficit by one year, leaving open the possibility it won't be able to fulfil two key election promises on income splitting and...