Provinces agree to reduce deficits in the medium term
Province facing “an unprecedented fiscal challenge”: finance minister
Alberta, Saskatchewan will lead the country
Quebec and New Brunswick have come closest to keeping within their stated budget limits
Rebound will be uneven across the country
But while some are raising taxes, most others hope that restraining expenditures will do the trick
Largest declines in Newfoundland and Labrador, Saskatchewan and Alberta
Budget projects deficit of $54.9 million in 2010-11
Ontario set to outpace national GDP average for the first time in nearly a decade
Sluggish recovery and increasing debt burdens will lead to deterioration in credit profiles