But equally remarkable was that the coalition organized itself according to the position that the federal government should incur a stimulative fiscal deficit to address a rapidly declining economy. Coalition leaders argued that Jim Flaherty's economic and fiscal statement did not respond to Canada's ...
In the end the government ended 20 years’ federal budget deficit and lowered the unemployment rate. * Martin’s Liberal government improved the relationship with U.S. and China. And our Prepresent Hu Jintao visited Canada in 2005. * Martin’s Liberal government proposed a bill to legalize ...
Thus, while the spending initiatives in the federal budget are appropriate, they should have been offset through greater revenue mobilization. The increase in the capital gains inclusion rate improves the tax system… Consideration could be given to other changes—such as an increase in the GST rat...
In1982,theCanadaActmadeCanadaafullysovereignstate.Intheearly1990s,MeechLakeAccordandCharlottetownAccordbothfailedinanationalreferendum.LaterChretien’sLiberalelectionsucceededinendingthe20yearsoffederalbudgetdeficit.WhenPaulMartintookoffice,Canadian-U.S.andSino-Canadianrelationsimproved.NowPrimeMinisterHarperisworking...
Namely, it set out to maintain its projection of a 2023-24 deficit of $40.0 billion; improve upon its projection that federal debt for 2024-25 would stand at 42.7% of GDP (now projected at 41.9% and to decline thereafter); and achieve deficits below 1% of GDP from 2026-27 onward (...
However, the Canadian government faces the two-pronged challenge of incentivizing economic recovery through increased spending, and reining in runaway federal budget debt levels as a result of that spending. But the problem is that its budget deficit has already widened to record levels, reflecting ...
citing 12 years of federal budget surpluses. Which means Ottawa "can now spend money to fuel a recovery from a strong position." The U.S., by contrast, braced for a $1 trillion (U.S.) federal deficit even before Obama yesterday signed into law a $787 billion (U.S.) economic stimul...
Given the number of days I worked 8, 10, or even 12 hours while only being paid for 4, 5, or 6 hours, the federal government should be paying me that amount. I’ve re-sent my paperwork both electronically and in printed form, but they’ve so far ignored my attempts to make them...
To mark the establishment of the Statute of Westminster, 1931, the Royal Union flag will be flown from sunrise to sunset alongside the Canadian flag at the Senate of Canada Building, and at airports, military bases, and other federal buildings. ...
Canada also had managed to run without a budget deficit for a number of years under the last Liberal government. Equalization payments, worth 11.7 billion Canadian dollars are made by the federal government to the provinces from richer provinces (currently Alberta, Newfoundland,[64] and British ...