OTTAWA — The dive in oil prices last year means the budget that Canadian Finance Minister Joe Oliver delivers on Tuesday will contain fewer big treats for voters in October’s election than the Conservative government had hoped.
[np_storybar title=”Finance Minister Joe Oliver has it right” link=”http://business.financialpost.com/fp-comment/terence-corcoran-finance-minister-joe-oliver-has-it-right”]Terence Corcoran: Oliver appears to be sending a signal that now is not the time to begin fresh operating deficits to stimulate the economy. The future is unpredictable, but so far Oliver has it right. Read on
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When Oliver releases a fiscal plan at about 4 p.m. Ottawa time that will end a seven-year run of deficits just in time for October elections, as the governing Conservatives prepare to run on their reputation as fiscally responsible tax-cutters.
The Conservatives, seeking a rare fourth consecutive election win, had initially forecast a $6.4 billion budget surplus for the 2015-16 fiscal year and made no secret…
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