Canada's economic outlook: Are you concerned?
- October 12, 2010 2:41 PM |
- By POV
Finance Minister Jim Flaherty speaks about Canada's economic future at the Investment Funds Institute of Canada 2010 Annual Conference in Toronto on Friday October 1, 2010. (Aaron Vincent Elkaim/ Canadian Press).
By CBC News
That figure is almost $2 billion higher than the $53.8-billion deficit projected in the federal budget last March.
The higher deficit was largely prompted by a one-time transfer of $5.6 billion to Ontario and British Columbia to help them make the transition to the Harmonized Sales Tax.
But thanks to more robust growth earlier this year, the deficit for the current 2010-11 fiscal year will likely come in $3.7 billion lower than the $49.2-billion figure projected earlier, Flaherty told a business luncheon in Mississauga, Ont.
Read more
With Tuesday's update in mind, how do you feel about Canada's economic recovery? Will we ever fully recover? Take our survey, and tell us how you feel in the comments section below.
(This is not a scientific survey. It is based on readers' responses).
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