Canadian Consulting Engineer

Economic stimulus days are over

Releasing his annual fall update on Tuesday, October 12, federal Finance Minister Jim Flaherty stressed that t...

October 12, 2010   Canadian Consulting Engineer

Releasing his annual fall update on Tuesday, October 12, federal Finance Minister Jim Flaherty stressed that the government was intent on balancing its books and announced no new spending programs.
A few days earlier in Ottawa, according to Canadian Press reports, Flaherty had said that the government had no intention to extend the economic stimulus program for a second round.
The federal deficit is forecast to be over $100 billion for the two years ending 2010-11, and Flaherty has said it will take five years to balance the books.

 


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