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  1. Back on Track: How the Federal Liberals Can Deliver Their Promised Balanced Budget by 2019/20

    Main Conclusions During the 2015 federal election, Justin Trudeau’s Liberals presented a fiscal plan to Canadians that proposed three years of deficit spending of no more than $10 billion annually with a return to a balanced budget by 2019/20. After ...

  2. Why is Canada’s federal government running a deficit?

    Canada’s federal government has embarked on a path of substantial deficit financing with no concrete target laid out of when the budget might be expected to balance. The deficit will be $5.4 billion in 2015-16, $29.4 billion in 2016-17, ...

  3. Why did the planned surplus in 2015/16 turn to deficit? Higher federal spending

    With much of the focus on last week’s federal budget being on the $29.4 billion deficit expected in 2016/17, an important takeaway that largely flew under the media radar is what caused the surplus that the former government had planned ...

  4. Canada’s deteriorating federal fiscal position has no end in sight

    Today, newly minted federal Finance Minister Bill Morneau released his first Update of Economic and Fiscal Projections, which is intended to give Canadians a heads up on the state of the economy and federal finances. Unfortunately, the ...