debt and deficits

9:00AM
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Ontario’s cumulative deficit from 2009 to the end of last year was approximately $81.9 billion—50 per cent more than projected in 2009.


3:00AM
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Growth of U.S. government spending and borrowing might crowd out private-sector investment in the U.S. from Canada.


2:50PM
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Budget projects an increase in total federal debt of approximately $113 billion over the next five years.


3:00AM
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The new federal Liberal government will table its first budget next week, with media reports suggesting a deficit triple the amount promised during the election campaign.


1:05PM
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The TD forecast shows a persistent federal deficit of approximately $30 billion a year for the foreseeable future.


11:30AM
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In Ontario, the projected operating deficit for 2015/16 is $7.5 billion but the change in net financial position is $13.7 billion—a difference of 83 per cent.


3:00AM
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Prime Minister Trudeau recently mused that not only will the $10 billion deficit ceiling be broken, but the return to a balanced budget by 2019/20 is now in question.


2:17PM
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Repeated studies have shown that the tax hike on upper-earners likely will not raise the planned amount of revenue.