What a difference a summer “does not make”.
On Friday last week, Statistics Canada released its Labor Force Survey for the month of August. The Survey showed that the economy lost 11,000 jobs in August, following an unprecedented decline of 112,000 private sector jobs, only partially offset by an equally unprecedented increase in self-employment.Read More
For the first three months of fiscal year 2014-15, which ended March 31, the federal government posted a surplus of $400 million, an improvement of $3 billion from the deficit of $2.6 billion recorded in the same period in 2013-14.
In the February 2014 Budget, a deficit of $2.9 billion was forecast for 2014-15. This forecast included a “risk adjustment factor” of $3 billion, which if not needed would imply a balanced budget, if not a surplus for 2014-15.Read More