Bennett stands by promise to remove 2-per-cent funding cap for on-reserve programs - Toronto Star

Indigenous Affairs Minister Carolyn Bennett says the Liberal government remains committed to removing a 2-per-cent cap on funding increases for First Nations programming in its first federal budget. Terry Goodtrack, president and CEO of AFOA Canada, ...

Federal Deficits Could Exceed $52B Over 2 Years, If Liberals Keep Their Promises - Huffington Post Canada

OTTAWA — The federal budget is projected to exceed $52 billion over the next two years — if the Liberals keep all their election promises. The Huffington Post Canada overlaid Monday's new deficit projections from the finance department with the Grits ...

Deficit has soared ahead of March 22 budget, Bill Morneau says - CBC.ca

The Liberal government is now forecasting larger than expected deficits for the next two years even before adding billions in promised spending in its first budget, which will be tabled on March 22. Finance Minister Bill Morneau presented the updated ...

Kevin Page: Liberals need to explain $40B 'adjustment' - CTV News

Canada's former parliamentary budget officer says there are "holes" in the government's newly released deficit projections that are unexplained. Appearing on CTV's Power Play, Kevin Page said the government took the private sector forecast for Canada's ...

Canada's fiscal outlook just keeps getting worse - Macleans.ca

Minister of Finance Bill Morneau participates in a town hall meeting ahead of pre-budget consultations in Ottawa, Monday February 22, 2016. THE CANADIAN PRESS/Adrian Wyld. No one could blame Finance Minister Bill Morneau if he felt a pang of anxiety ...

How big a deficit should Ottawa run, and what for? - The Globe and Mail

They've barely settled into their new offices, and the Liberal government is already $18-billion in the red. Blame the economy. Last fall, economists were expecting 2 per cent growth in 2016; as of early February, private-sector forecasters had cut ...

Bill Morneau tries to reassure Canadians economic growth is worth a deficit - CBC.ca

Appearing amidst an audience of interested citizens at a community centre in east Ottawa, Bill Morneau seemed at one moment to be reading his own stage directions. "The most important thing I'm doing today," he said, responding to a reporter's question ...

Morneau expected to drop or postpone plan for increasing taxes on employee stock option benefits - Ottawa Citizen

Minister of Finance Bill Morneau responds to a question during question period in the House of Commons on Parliament Hill. He's expected to drop for now the idea of reducing the tax benefit for employees who exercise stock options. Share Adjust Comment ...

John Ivison: Batten down the hatches, Liberals are full steam ahead toward a sea of red ink - National Post

Bill Morneau has promised “positive surprises” in his March 22nd budget, and said his government will develop a “robust growth strategy” he will deliver to Canadians by the end of the year. There will be surprises alright — but they may not pleasant ones.

Morneau reverses public service sick leave savings - Ottawa Citizen

Finance Minister Bill Morneau moves to rollback sick leave changes put in place by the Tories. Sean Kilpatrick / THE CANADIAN PRESS. Share Adjust Comment Print. The Liberal government is reversing $1.3 billion in savings the Conservatives booked to ...

Liberals project deficit to balloon to nearly $30-billion - The Globe and Mail

The Liberal government is setting the stage for a budget deficit that will be nearly three times the maximum $10-billion the party promised during the election campaign. Finance Minister Bill Morneau took the unusual move of revising his own November ...

Are deficits the solution to low growth? - Macleans.ca

The Liberals are betting that deficits will boost growth. The low cost of borrowing means it won't cost us too much to see if they're right. Kevin Milligan. February 22, 2016. Follow @@kevinmilligan · Twitter · Facebook · Google+ Share · LinkedIn ...

Federal budget coming March 22 — with a deficit that could surpass $25 billion - Financial Post

OTTAWA — The Liberal government will deliver a federal budget March 22 expected to forecast a deficit of potentially $25 billion or more and contain additional stimulus measures, as a deteriorating economy and billions in new spending erode federal ...

Trudeau's Debut Deficit Marks Fiscal Shift in Canada: Q&A - Bloomberg

For the first time in more than 30 years, Canada is getting back into the red willingly. Prime Minister Justin Trudeau's newly elected Liberals will release a budget next month that doles out more money for infrastructure, family allowances and ...

Deficit will be far larger than promised when Liberals unveil budget March 22 - Toronto Star

Liberal government will roll out first budget March 22, promising to move ahead with investments in a poorly performing economy that will push deficit to more than $18 billion. Minister of Finance Bill Morneau responds to a question during question ...

Federal budget announcement - CHCH News

The Finance Department says Ottawa will run a deficit of at least $18.4 billion next year. This is nearly five times the projection of $3.9 million from just three months ago and once the Liberal government's election promises are factored in the ...

Deficit projected at $18.4B, likely to exceed $20B come budget time - Macleans.ca

Canada's Finance Minister Bill Morneau at a news conference in Ottawa, Canada, December 7, 2015. (Chris Wattie/Reuters). OTTAWA – The federal government is projecting a deficit of at least $18.4 billion next year, a shortfall that's nearly five times ...

Bill Morneau: Federal Deficit Projected At $18.4B, Likely To Exceed $20B At Budget Time - Huffington Post Canada

OTTAWA — The federal government says next year's budgetary deficit will be nearly five times larger than forecast just three months ago — a shortfall likely to more than double the $10-billion cap promised by the Liberals. Battered by the fallout ...

Morneau Revisions Puts Canada on C$30 Billion Deficit Path - Bloomberg

Finance Minister Bill Morneau released new forecasts suggesting Canada will run deficits in the vicinity of C$30 billion ($22 billion) this year, as the slump in crude prices takes a bigger bite out of the nation's finances than previously thought. A ...

Liberals announce $18.4 billion deficit, expect oil to hover around $40 - Globalnews.ca

WATCH: The Liberals say next year's deficit has ballooned to more than $18 billion, up from just under $4 billion, and that doesn't even take into account their election promises. Vassy Kapelos and Tom Clark report.