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Canada’s fiscal situation has deteriorated significantly over the course of the government’s response to the pandemic.
Running deficits for as far as the eye can see, Finance Minister Bill Morneau seems to only focus on the advantageous situation Canada is in that gives him cover to do so.
The federal fall fiscal update not having a roadmap to a balanced budget grabbed most of the headlines, but it wasn’t particularly surprising.
Canada is on track to balance the books in 2015 according to the federal government’s Update of Economic and Fiscal Projections.
