The collapse of oil prices is one culprit. A the larger problem is Canada’s aging population.
Finance Minister Bill Morneau’s most recent fiscal update painted an ever-gloomier picture—one of slowing growth, and bigger deficits
But Tom Mulcair’s audacious pledge comes in the wake of far more cautious promises from the NDP’s star recruit
A fact check on the following: “The Government remains on track to balance the budget in 2015”
Not any real explanation of how the government plans to make the deficit disappear
Even the Department of Finance’s own figures suggest the red ink is here to stay
Stephen Gordon on why Budget 2014 promises to be interesting
The federal deficit was $0.6 bn in December 2012, up slightly from the $0.5 bn recorded in December 2011, the Finance Department revealed today. Still, red ink accumulated since the beginning of the fiscal year, in April, amounted to $13 bn, below the $16.1 registered over the same period in 2011-2012.
Possibly much less, writes Stephen Gordon
It wasn’t just the recession
Another of those pesky economists suggests the federal deficit will require some attention at some point. Luckily, Messrs Ignatieff and Harper have a choice of solutions. Unfortunately, “none of the above” is not an option.