fiscal update

4:22PM
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Federal finances improve marginally, but the Trudeau government ignores risks  Federal finances improve marginally, but the Trudeau government ignores risks

According to the update, the government will continue to spend well in excess of projected revenues.


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.


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


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.