Canada’s GM shares net $3.26B
Oliver coy about impact on budget’s balance.
Alberta’s Prentice considers sales tax to fix ailing oil-based economy
Province’s projected budget surplus has turned into a $500-million deficit.
Alberta’s budget surplus has turned into $500M deficit: premier
Jim Prentice says the province may not balance its books until 2017-18 due to tumbling oil prices.
Harper projects 2013-14 deficit at $5.2B, down from $16.6B
Critics suspect the federal Conservatives are “fudging” numbers as a possible election ploy.
Tories kiss deficits goodbye, building fiscal arsenal for 2015 election
Opposition parties say the Tories are putting political interests ahead of Canada’s economic well-being.
Flaherty says deficit years will end with a $3.7B surplus in 2015
The deficit will fall to $5.5 billion in 2014-15, as a revived economy starts producing more tax revenues.
Flaherty pledges surplus budget in 2015…and not a tiny one
But, the PBO predicts that slower economic growth and lower commodity prices will cut into government revenues.