The deficits to fiscal year 2020-21 will total $118.6 billion.
The $5.4 billion projected deficit in 2015/16 is driven by higher spending—not a weak economy.
In reality, hardly anybody in Canada is trying raise a family on the minimum wage.
Name something our governments aren’t already doing. Now name something our governments are doing spectacularly well.
The federal government’s projected fiscal balance has gone from a $4.3 billion surplus to a budget deficit that could be as large as $25 billion.
Today, newly minted federal Finance Minister Bill Morneau released his first Update of Economic and Fiscal Projections. Unfortunately, the outlook isn’t positive.