Impact of global crisis on Canadian economy larger than expected, Flaherty says
Deficit balloons to $6.9 billion
Commodities rebound could boost federal fortunes
The Quebec government is seeking a formal commitment to return to a balanced budget by 2013-2014.The province’s new minister of finance, Raymond Bachand, said that he intends to propose a legislative amendment that would formally commit the government to balance its revenue and expenditure by fiscal year 2013-2014.Its latest budget bill proposes suspending the requirement […]
Initiatives set to roll out over the next two years
Auto bailout will boost federal deficit to $51 billion this year
Revenues drop 14%
Provincial commitments will roughly double the overall amount of stimulus hitting the economy in the near term
Resource revenue down $6.4 billion
Budget recognizes the important role innovation plays in Ontario’s economic prosperity, say retail fund managers