Return on fall budget investments will help drive down deficit: Champagne

Champagne defends budget investments as he sets out to deepen European ties

OTTAWA — The financial returns from Ottawa's capital spending plans in the upcoming fall budget will help Canada pay down the deficit in later years, Finance Minister François-Philippe Champagne said on Thursday.

Return on fall budget investments will help drive down deficit: Champagne

OTTAWA — Finance Minister François-Philippe Champagne says the returns from Ottawa’s capital spending plans in the upcoming fall budget will help to pay down the deficit in later years. He told The Canadian Press in an interview Thursday that borrowing to invest in Canada’s productive capacity is the best path to prosperity and economic resilience […]

What We Know About the Upcoming Fall Federal Budget and Austerity

The new Liberal government has been in place since March, but it is only later this fall that Canadians will get an updated picture of the country’s finances. Anxiety is rising in some sectors of society due to proposed austerity cuts to various programs coupled with massive increased spending in areas like defence and infrastructure, as well as the continuation of recently introduced support initiatives like dental care. Unions are worried abou…

Four truths about the economic crisis Canada is now enduring

Canada’s federal and provincial governments are stumbling about in the current tough economic times – and Canadians are about to find out just how bad Ottawa’s fiscal situation is when the federal government delivers its first budget in more than 18 months. Prime Minister Mark Carney has provided the spoiler that the upcoming deficit would “be bigger than it was last year.” This week the Government House leader Steve MacKinnon told Canadians to …