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

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

Toronto StarBennett stands by promise to remove 2-per-cent funding cap for on-reserve programsToronto StarIndigenous 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, ...and more »

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

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

Huffington Post CanadaFederal Deficits Could Exceed $52B Over 2 Years, If Liberals Keep Their PromisesHuffington Post CanadaOTTAWA — 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 ...and more »

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

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

CBC.caDeficit has soared ahead of March 22 budget, Bill Morneau saysCBC.caThe 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 ...and more »

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

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

CTV NewsKevin Page: Liberals need to explain $40B 'adjustment'CTV NewsCanada'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 ...and more »

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

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

Macleans.caCanada's fiscal outlook just keeps getting worseMacleans.caMinister 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 ...and more »

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

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

The Globe and MailHow big a deficit should Ottawa run, and what for?The Globe and MailThey'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 ...and more »

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

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

CBC.caBill Morneau tries to reassure Canadians economic growth is worth a deficitCBC.caAppearing 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 ...and more »

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

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

Ottawa CitizenMorneau expected to drop or postpone plan for increasing taxes on employee stock option benefitsOttawa CitizenMinister 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 ...and more »

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

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

National PostJohn Ivison: Batten down the hatches, Liberals are full steam ahead toward a sea of red inkNational PostBill 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.and more »

Morneau reverses public service sick leave savings - Ottawa Citizen;

Morneau reverses public service sick leave savings - Ottawa Citizen

Ottawa CitizenMorneau reverses public service sick leave savingsOttawa CitizenFinance 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 ...and more »

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

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

The Globe and MailLiberals project deficit to balloon to nearly $30-billionThe Globe and MailThe 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 ...and more »

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

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

Macleans.caAre deficits the solution to low growth?Macleans.caThe 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 ...and more »

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

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

Financial PostFederal budget coming March 22 — with a deficit that could surpass $25 billionFinancial PostOTTAWA — 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 ...and more »

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

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

BloombergTrudeau's Debut Deficit Marks Fiscal Shift in Canada: Q&ABloombergFor 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 ...and more »

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

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

Toronto StarDeficit will be far larger than promised when Liberals unveil budget March 22Toronto StarLiberal 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 ...and more »

Federal budget announcement - CHCH News;

Federal budget announcement - CHCH News

CHCH NewsFederal budget announcementCHCH NewsThe 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 ...and more »

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

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

Macleans.caDeficit projected at $18.4B, likely to exceed $20B come budget timeMacleans.caCanada'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 ...and more »

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

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

Huffington Post CanadaBill Morneau: Federal Deficit Projected At $18.4B, Likely To Exceed $20B At Budget TimeHuffington Post CanadaOTTAWA — 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 ...and more »

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

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

BloombergMorneau Revisions Puts Canada on C$30 Billion Deficit PathBloombergFinance 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 ...and more »

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

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

Globalnews.caLiberals announce $18.4 billion deficit, expect oil to hover around $40Globalnews.caWATCH: 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.and more »