Another yearly surplus in the works for Canadian government.

[dennilfloss]

http://cnews.canoe.ca/CNEWS/Ca.../03/28/5132126-cp.html

Let's go, Canada. Let's keep on making our national debt smaller.

 

[KrispyKreme50]

Kudos to Canada. Now they need to bolster their economy. According to the article, economic growth this year is only estimated to be at 1.4 pct.

 

[charrison]

The surplus should either be returned the tax payers or pay down debt. But I bet a good bit of that surplus get spent.

 

[babylon5]

Canadians just want Americans feel bad. Shame on Canada with responsible budgeting!!

 

[silverpig]

Originally posted by: charrison
The surplus should either be returned the tax payers or pay down debt. But I bet a good bit of that surplus get spent.

We've had tax cuts the past few years already (GST from 7% to 6% to 5%), and the debt is being paid down every year too.

 

[KrispyKreme50]

Honestly I was surprised that the surplus was this low with oil prices as high as they are right now. Other petroleum exporting countries are almost all experiencing record surpluses. Look at Norway for example - its surplus as a percentage of GDP is staggering compared to Canada.

 

[Dari]

Showoff.

 

[Moonbeam]

Americans will doubtless invade and take it over when we collapse down here.

 

[Vic]

Originally posted by: KrispyKreme50
Honestly I was surprised that the surplus was this low with oil prices as high as they are right now. Other petroleum exporting countries are almost all experiencing record surpluses. Look at Norway for example - its surplus as a percentage of GDP is staggering compared to Canada.

In a word: NAFTA

 

[Vic]

Originally posted by: silverpig

Originally posted by: charrison
The surplus should either be returned the tax payers or pay down debt. But I bet a good bit of that surplus get spent.

We've had tax cuts the past few years already (GST from 7% to 6% to 5%), and the debt is being paid down every year too.

That's because your conservatives are actually conservative.

 

[silverpig]

Originally posted by: Vic

Originally posted by: silverpig

Originally posted by: charrison
The surplus should either be returned the tax payers or pay down debt. But I bet a good bit of that surplus get spent.

We've had tax cuts the past few years already (GST from 7% to 6% to 5%), and the debt is being paid down every year too.

That's because your conservatives are actually conservative.

Well the Conservatives are the ones responsible for the GST in the first place, and they are the ones who largely put us into debt. They got voted out, the Liberals came in, kept the taxes, but balanced the budget and worked up huge surpluses. Now the Conservatives are back in, they're just cutting the taxes down again and riding the surplus wave out.

 

[dennilfloss]

Our conservatives were basically your democrats but they have undergone a shift towards the right the last decade or so. Still, they could not act like total neocons in a minority parliament or their governmental ass would be grass in short order.

 

[dennilfloss]

Originally posted by: KrispyKreme50
Kudos to Canada. Now they need to bolster their economy. According to the article, economic growth this year is only estimated to be at 1.4 pct.

We are still linked very much to the US economy so your recession will have an echo here.

 

[sandorski]

woot

 

[sandorski]

Originally posted by: KrispyKreme50
Honestly I was surprised that the surplus was this low with oil prices as high as they are right now. Other petroleum exporting countries are almost all experiencing record surpluses. Look at Norway for example - its surplus as a percentage of GDP is staggering compared to Canada.

Along with Tax Cuts, there has been increased Spending. Especially on the Military which languished when the Deficit reduction cut Spending across the board. There's a couple decades worth of Equipment upgrades being made through all branches of the Military.