Nov 12, 2014
By Scott Walker
We should find out today just how big the federal government’s 2015 surplus is going to be.
Federal finance minister Joe Oliver will deliver the Harper government’s fall fiscal and economic update during the noon-hour in Toronto.
It’s expected to show that Ottawa will put years of red ink behind it in the next fiscal year that starts in April. Economists are predicting the country will begin posting surpluses next year.
But much of that extra cash has already been allocated on new tax cuts for families. And whatever is left over will probably be devoted to pre-election goodies.
Oliver has maintained the government is on track to balance the books in next year’s budget, even as the world economy struggles and the declining price of oil hurts Canada’s bottom line.