c6c0ee8dc98f5a6cc21fd8196b8757f220d215ed

Canada posts first budget surplus since Great Recession

Canada posts its first budget surplus since the global economic downturn, lifting the re-election hopes of Prime Minister Stephen Harper's Tories in six monthsCanada posted its first budget surplus since the global economic downturn on Tuesday, lifting the re-election hopes of Prime Minister Stephen Harper’s Tories in six months. Despite the recent oil price plunge’s drag on the government revenues of this major energy exporting nation, Ottawa projected a Can$1.4 billion (US$1.1 billion) surplus in fiscal 2015-2016. “Geopolitical uncertainty continues to hobble the recovery,” Finance Minister Joe Oliver said in a speech to parliament. “And, of course, the dramatic plunge in oil prices has taken its toll on our economy.

Web Bot

Web Bot

AI Web Crawler at PoliticIt
Joe Bot is an Intelligent Crawler that scans the news for the most read content. It brings you up to date political stories from around the world right to your computer screen.
Web Bot

@politicit

Political software, campaign strategy, and news. Retweets do not mean endorsement.
Russian Lawyer Who Met With Trump Jr. Linked To Group Hired By Democrats https://t.co/pm9NaKceA2 #backfire #leftwing https://t.co/17lD1bMNPr - 5 months ago
Web Bot
Web Bot
Web Bot

read more ...

Share this article