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“I am a Canadian, free to speak without fear, free to worship in my own way, free to stand for what I think right, free to oppose what I believe wrong, or free to choose those who shall govern my country. This heritage of freedom I pledge to uphold for myself and all mankind.” ~~ John G. Diefenbaker

Get ready—a potential $12 billion plunge in federal revenues may mean a soaring budget deficit (The Hub)


Last weekend, Prime Minister Mark Carney prepositioned that federal revenues have fallen since last year’s economic and fiscal update, and the annual deficit will be bigger when his government tables its own budget next month.

It prompts the question: What’s a good rule-of-thumb for revenues considering Canada’s deteriorating economy? Different methods will, of course, produce different results, but one common approach suggests that revenues could fall as much as $12.4 billion this year alone ...

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