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#1
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Canada charts comfortable course to 2015 budget surplus
Look upon our fiscally-sound nation - and despair at the reality of
yours. ================================= Feb 11, 2014 OTTAWA (Reuters) - Canada's Conservative government looks set to comfortably balance its books in 2015 or even sooner, its latest budget showed on Tuesday, with cuts in spending on the public service more than offsetting a series of modest new expenditures. The low-key spending plan leaves Prime Minister Stephen Harper well-positioned to offer tax breaks and other initiatives in the runup to an election scheduled for October next year. "Some people will say this budget is boring," Finance Minister Jim Flaherty told reporters ahead of the budget speech. "Boring is good." The budget shows a deficit of C$2.9 billion ($2.63 billion) in the 2014-15 fiscal year, up from the previous estimate of C$5.5 billion. That balance includes a C$3 billion contingency fund, which in fact reveals an underlying surplus that year. Flaherty acknowledged the budget would be narrowly balanced this coming year without the contingency fund, but said he preferred to have a "nice clean surplus next year". The government estimates a bigger-than-expected C$6.4 billion surplus in 2015-16. In the year ending March 31 of this year, the deficit is pegged at C$16.6 billion. The Conservatives, in power since 2006, plunged into a deep deficit in 2008 as they pumped out stimulus money to deal with the recession after having cut taxes earlier. Previously, the Canadian government had an 11-year string of budget surpluses. The government's reluctance to go for a balanced budget in 2014 was seen as preparing for an election-friendly budget the following year. "This is a budget designed to build a bigger war chest for the next budget," said Avery Shenfeld, chief economist at the Canadian Imperial Bank of Commerce. He added that the government should be in a position to "have more money to give away" in 2015. Germany is currently the only G7 country running a surplus, but Canada's ratio of debt to GDP is substantially less and it is one of a handful of countries with a triple-A rating from rating agencies. Flaherty's budget assumes economic growth of 2.3 percent this year and 2.5 percent in 2015. It also assumes the Canadian dollar will be worth about 94 U.S. cents this year. The Canadian dollar is already weaker, at about 90 U.S. cents, and is projected to depreciate further in the coming year. That implies growth could beat the government's estimates and ultimately improve the budget balance further. When asked to comment on the currency's impact on the economy, Flaherty acknowledged that it was "good for exporters", adding: "I would expect there's a value to the dollar inherently, around which it will settle and we'll see what that is." MONEY FOR AUTO SECTOR With the U.S. economy looking healthier and likely to boost Canada's fortunes, the budget contained few measures to provide extra stimulus. It outlined plans to help push down consumer prices on wireless roaming, retail goods and banking services, part of a broader pro-consumer agenda aimed at winning middle-class voters (yes, - unlike the US, Canada has a healthy middle-class) also being wooed by the opposition. It ensured an additional C$250 million a year in financial aid for the automotive sector. The government has been under pressure from Fiat Chrysler, which has asked for funding for a minivan plant, and which has said it might have to slash jobs in Canada if it doesn't get help. The budget also provides C$28 million over two years to the National Energy Board to help it review projects such as TransCanada Corp's Energy East pipeline project, within legislated timelines. But the fiscal cost of these initiatives is minimal compared with the cost-cutting steps announced. |
#2
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Canada charts comfortable course to 2015 budget surplus
On Wed, 12 Feb 2014 21:30:03 -0500, Rich Little
wrote: Look upon our fiscally-sound nation - and despair at the reality of yours. _Crack-pipe vending machines a boon to Vancouver users_ Cost 25 cents for a pipe. http://www.theglobeandmail.com/news/british-columbia/crack-pipe-vending-machines-a-boon-to-vancouver-users/article16769973/ Mayor Rob Ford heads West....Justin Beiber a close second. |
#3
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Canada charts comfortable course to 2015 budget surplus
In Rich Little
wrote: The low-key spending plan leaves Prime Minister Stephen Harper well-positioned to offer tax breaks and other initiatives in the runup to an election scheduled for October next year. Offering bribes to favored parts of the electorate? That's the same route to destruction that the US is on. -- St. Paul, MN |
#4
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Canada charts comfortable course to 2015 budget surplus
Bert wrote:
In Rich Little wrote: The low-key spending plan leaves Prime Minister Stephen Harper well-positioned to offer tax breaks and other initiatives in the runup to an election scheduled for October next year. Offering bribes to favored parts of the electorate? That's the same route to destruction that the US is on. Hi, We could balance the budget this year, guess what, there is federal election next year. Nothing but all politics. |
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Could that be because Canada isn't spending any money getting rid of Syrian dictators that have used chemical weapons on their own people to try to silence the opposition? The biggest reason that Canada is going to have an economic surplus is because of the development of our Athabasca tar sands. Rich Little may be forgetting that as those Canadian tar sands are developed, the largest customer for the oil produced with be the United States. And, I as one Canadian, would prefer Canada sell it's oil to the United States than to China, and I hope that most Americans would prefer they buy their oil from Canada than from Venezuela or Iran. The US state department has determined that building the XL pipeline will not have a significant impact on the environment because the tar sand oil is going to be produced, sold and burned as fuel regardless of whether the pipeline is built or not. If the US doesn't buy that oil, China certainly will. The US needs the oil and Canada is willing to sell it. Shipping that oil by pipeline is safer and cheaper in the long run than by rail to any of our sea coasts or by sea to offshore destinations. So, pipelining that oil to Texas that has unused refining capacity is a natural fit. BOTH countries benefit from the production and sale of that oil, and both countries will benefit the most if the XL pipeline is built so that the oil can be transported safely and cheaply to Texas. No one wants an environmental disaster, but an environmental disaster on land is far easier to fix and clean up than one at sea. (It's just that no one sees the environmental disasters that happen out in the middle of the ocean.) The XL pipeline is MUTUALLY BENEFICIAL to both our countries economies, just as the trade of goods has always been. In biblical times, Persia and Egypt were the wealthiest nations in the known world because of the silk road. Traders from India carried goods from India and China to Persia and Egypt where they were traded for goods from Europe and Africa. Columbus sailed west to get to CHINA and INDIA for the spices that grew there, not because of the gold they plundered from Mexico. Last edited by nestork : February 13th 14 at 08:50 PM |
#6
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Canada charts comfortable course to 2015 budget surplus
On Thu, 13 Feb 2014 21:38:41 +0100, nestork
wrote: Rich Little;3197301 Wrote: Look upon our fiscally-sound nation - and despair at the reality of yours. Oh for Gosh sakes! I read and agree with what you said snipped for a brief reply. This is Home Guy, nym-shifting again - the same person with penis envy of Americans. Maybe he could address crack pipe vending machines in Vancouver? -- "Cats haven't invented anything, as far as I'm aware of."-Greg Gutfeld |
#7
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It's not much, but I'd put it on par with the pet rock and roller derby. |
#8
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Canada charts comfortable course to 2015 budget surplus
Oren wrote:
This is Home Guy, nym-shifting again - the same person with penis envy of Americans. Does it give you the giggles every time you type the word "penis" ? You seem somewhat fixated on it every time you post a reply to my posts. Maybe he could address crack pipe vending machines in Vancouver? Right after you address why your country is full of: - men that use a machete to decapitate their mom's Chihuahua - women that go on bloody rampages after being refused sex ============ http://news.yahoo.com/pa-man-accused...175036938.html A Pittsburgh man is facing animal cruelty charges after he allegedly used a machete to decapitate his mother's Chihuahua. Authorities said they were called to the home Wednesday evening, and Matthew Ondo's parents showed them the remains of the dog, named Izzy, along with a bloody machete and butcher knife. According to a criminal complaint, Ondo, 30, at first denied killing the dog, then claimed the devil, Allah or "the Mexican" did it. Ondo's parents told police their son is an unemployed drug addict who has emotional problems. =============== http://www.thesmokinggun.com/buster/...-denial-356712 Naked Woman Goes On Bloody Rampage After Boyfriend Refuses To Have Sex An Arizona woman went on a naked rampage early Monday after her live-in boyfriend refused to have sex with her. Ashley Marie Prenovost, 24, was already intoxicated when her beau returned to the Glendale residence the couple shares with their four-month-old daughter. Prenovost “wanted to have sex with him and got naked.” When her boyfriend declined to have sex, Prenovost became enraged. She punched two holes in a bedroom wall, and “punched a picture hanging on the wall in the hallway, causing glass to break and causing injuries to both of suspect’s hands.” As Prenovost ran around inside the home, “she bled all over the floor in the master bedroom, hallway, common area by the front door and kitchen.” When cops arrived at the residence, a naked Prenovost attempted to flee through the garage. http://i.cdn.turner.com/dr/teg/tsg/r...yprenovost.jpg Pictured in the above mug shot, Prenovost was arrested on a variety of charges, including assault, disorderly conduct, and criminal damage. She was also hit with several child abuse counts since, during her tirade, she raced around the home with her baby in her arms. At one point, the child’s head struck a bedroom dresser. Prenovost was freed from custody yesterday. She is scheduled for a February 24 court appearance. Is this typical american behavior? Why, yes, this has happened before, before, before, before, and before. http://www.thesmokinggun.com/documen...s-penis-785436 http://www.thesmokinggun.com/documen...ied-sex-675432 http://www.thesmokinggun.com/documen...battery-964512 http://www.thesmokinggun.com/documen...ing-ass-986532 http://www.thesmokinggun.com/documen...ght-honey-bust =============== Maybe if you american men had actual penis's, your women wouldn't be so desperate for sex. What's that Oren? What did you say? Did you say that it's time for you to take your Cialis? Ok, you go do that. You and your nation of limp dicks. |
#9
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Canada charts comfortable course to 2015 budget surplus
On Thu, 13 Feb 2014 22:22:03 -0500, Home Guy "Home"@Guy. com wrote:
Oren wrote: This is Home Guy, nym-shifting again - the same person with penis envy of Americans. Does it give you the giggles every time you type the word "penis" ? You seem somewhat fixated on it every time you post a reply to my posts. Truth hurts, eh? Maybe he could address crack pipe vending machines in Vancouver? Right after you address why your country is full of: - men that use a machete to decapitate their mom's Chihuahua - women that go on bloody rampages after being refused sex Only after you tell this group about headless bodies found in Canada. Sample: _Police investigate amid reports of decapitated body outside Edmonton_ Old news happening for years in your country. "...RCMP spokeswoman Doris Stapleton would not confirm the exact location of the body or whether the head had been removed." http://www.torontosun.com/2012/10/23/police-investigate-amid-reports-of-decapitated-body-outside-edmonton Come back when you realize that your turds are tapered on one end, okay? In fact, tell the Americans if you only touch the clean end of your turd. |
#10
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Canada charts comfortable course to 2015 budget surplus
Oren wrote:
Only after you tell this group about headless bodies found in Canada. Sample: Police investigate amid reports of decapitated body outside Edmonton Perpetrated by the "White Boy Posse" - a drug gang based in northern Alberta, but is seen as a "puppet gang" of the Hell's Angels. We Canadians have you americans to thank for the Hell's Angels. Another fine export from your country. Old news happening for years in your country. But you have so many more mexicans and latinos in your country - and they just love to decapitate people when they get the chance. And sometimes dogs too. Come back when you realize that your turds are tapered on one end, okay? In fact, tell the Americans if you only touch the clean end of your turd. Such profound and insightful wisdom you have Oren. Does your mommy know you post to usenet? |
#11
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This is foolishness.
The only non-stupid thing about it is that at least HomeGuy is posting under his own name, which allows for clarity in communications. Homeguy: Why? Why continuously throw your excrement at the Americans in here like an enraged chimp? Can't you see that they're all honest hard working people just trying to make a go of it just like Canadians are? Let me apologize on behalf of my fellow Canadian, HomeGuy. We are a huge country with a small population. Your one state of California has a larger population than our whole country (38 million versus 31 million). But, rest assured that the vast majority of us are reasonable, intelligent and civil people, just like the vast majority of Americans. I hope you can see that from the reasonable behaviour of the other Canadians in there, including Clare Snyder IIRC and others. Oren and others: I can emphathize with you, but what's needed here is for people to simply ignore HomeGuy's crap, and to not respond to it. No one in here has any penis envy, no one in here doubts for a minute that it was Canadian biker gangs that COMPETED with each other to become Hell's Angels, and neither of our countries has a monopoly on decapitations. http://en.wikipedia.org/wiki/Killing_of_Tim_McLean This link reports on how a 22 years old man, Tim McLean, was decapitated by a mentally deranged immigrant from Hong Kong, Vince Li, while on a Greyhound bus travelling through Manitoba. What's needed here is civility, and if people can't be civil, they deserve to be ignored. |
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