Flaherty to deliver economic and fiscal report card Tuesday
Real GDP will expand by only 1.5% next year and 2.1% in 2012
The prime minister wants to start the cost-cutting exercise, just when the head of the Treasury Board is sinking in a financial scandal
Deficit for August more than $2 billion smaller than last year
Reducing regulatory burden would make Canada more competitive
July revenues decreased, mostly as a result of a 12.8% dropoff in corporate taxes.
Federal and provincial governments face an underlying shortfall worth 2.7% of GDP
Outlook for global and Canadian economies has worsened since earlier projections
It all seemed so straightforward during the election this past May, when the incumbent party had pledged to eliminate the federal deficit in the fiscal year of 2014-15, a year earlier than previously projected. But, as we know, election pledges often don’t have a long shelf life. So, it was fascinating to watch Prime Minister […]
