Opposition parties say the Tories are putting political interests ahead of Canada’s economic well-being.
Finance minister says the Conservatives are trying to balance its books at the expense of the provinces.
Deficits and debt the result of spending beyond the recession.
But, the PBO predicts that slower economic growth and lower commodity prices will cut into government revenues.
The Bank of Canada has built in a resurgence in exports as a lynchpin for growth going forward.
Unions pleased with measures to strengthen province’s manufacturing sector.
Lagarde warns about the dangers of overemphasizing deficit reduction.
Public service layoffs and program cuts have already started as anxious workers wait for more bad news.
Energy helped reduce the trade in goods deficit.
$3-billion drop thanks to higher than expected revenues and lower expenses.
Canada’s wealthiest province is on track to run a $3 billion deficit.
Obama says compromise could even be done quickly.