fiscal update

3:00AM
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As Trudeau government tables budget, don’t be fooled by positive short-term economic news

Between 2016 and 2019, per-person GDP grew at an average annual rate of only 0.8 per cent.


4:23PM
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Fiscal update—increased spending and debt comes at a costs

Program spending could grow by nearly $50 billion in just five years


3:30PM
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Just six months into its 2018/19 plan, the government upped spending by $8 billion.


3:08PM
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Economic growth expected to moderate dramatically starting next year.


3:00AM
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Reports in advance of Ottawa’s federal fiscal update suggest the deficit may reach $34 billion.


2:00AM
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After federal Finance Minister Jim Flaherty unveiled his latest financial plan Tuesday, much of the media hype centred on the government's larger than expected surplus in 2015-16. Early chatter seemed to accept the government will deliver as promised and some declared its "conservative assumptions" might allow for the deficit to be eliminated even earlier.