Canadian Finance Minister Jim Flaherty’s next budget update may increase forecasts for 2010 revenue, giving the governing Conservatives scope to pay for additional stimulus measures.
Canada’s economy will expand 3 percent this year, according to a Bloomberg survey of 13 of the 14 forecasters that Flaherty consults for the fiscal update. That’s up from a 2.6 percent forecast in the March budget and would produce about C$20 billion ($19.5 billion) more in output than earlier projected.
They did not cut healthcare or transfers to the provinces as did Chretien-Martin Liberals did as Ignatieff points to as a model of compassion.
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Good news for Canada translates for bad news in opposition. Pity you say!