Sentences with phrase «iblp ran a deficit»

«And I think the Liberals aren't that opposed to running a deficit for a while.

Every party will need to explain how they will make up the lost funds: cut spending, raise taxes or run a deficit.»

By trying to embarrass Harper for running deficits, Mulcair and Trudeau are playing into the prime minister's hands.

Balanced - budget law allows the federal government to run a deficit when recession looms.

Let us make no mistake about it: Canada is running a deficit, and it is entirely appropriate for it to do so given the state of the economy.

Given that the government is currently running a deficit and is $ 20 trillion in debt, scratching up the money to redeem those bonds would require either higher taxes or more government borrowing.

Yet during the October 2008 election campaign, Finance Minister Jim Flaherty flatly asserted, «We will not run a deficit.»

But trade flows appear to be shifting: the U.S. ran a deficit with Canada over the three most recent quarters for which data are available, according to the U.S. Census Bureau.

Prohibited from running a deficit, and dogged by sinking credit ratings, these jurisdictions are cutting corners in some shocking places.

According to Trump's own trade representatives, the answer is no — the U.S. does run a deficit with Canada when it comes to goods, but its surplus in services far outweighs that, leaving an overall surplus of $ 12.5 billion for 2016.

In normal circumstances he believed in a balanced budget and maybe a bit of a surplus for bad times but what he believed was fatal to a nation was running deficit trade imbalances.

Not running a deficit under any circumstances was the position that the Conservatives had run on in the 2008 election, and the other parties had made similar promises.

Excess capacity in the private sector, most importantly in the job market, is still the biggest problem we face, and given the cost of capital right now, the best way to both reduce unemployment and the short - run deficit is to grow faster.

Also, I wouldn't worry about the NDP not running a deficit.

They believe, perhaps rightly, that Canadians - Conservative, Liberal, or NDP - will never vote for a political party that would run a deficit and incur rising debt.

While I understand that the NDP must feel intense pressure to capture votes — including from people who have never taken a course from John Smithin — I often wish that the NDP would show a bit more policy leadership on the issue of the deficit and debt. I was particularly disappointed during the 2008 federal election campaign when Mr. Layton stated, unequivocally, that the NDP would not run a deficit in the following year if elected (even though it was clear that Canada was entering a recession).

Finally, while many emerging - market economies tend to run current - account surpluses, a growing number of them — including Turkey, South Africa, Brazil, and India — are running deficits.

According to the Mr. Oliver, and presumably the PM, all governments in advanced economies (e.g., G7 countries, G20 countries, and the EURO area) are unethical, because they all run deficits and have no interest in eliminating them.

Unfortunately, most Canadians seem to have drunk the conservative fiscal «grape juice» that all deficits and debt are bad and that any government that would run a deficit, no matter how small, is not a government to be trusted with managing the country's finances.

According to Joe Oliver, most governments in Canada since Confederation were unethical because they ran deficits.

The United States runs a deficit with countries who fit at least one of the following three criteria.

They need legislation that can pass with 51 votes, and for that, they need the bill to not raise the long - run deficit.

Trudeau won the election by going bold on marijuana, electoral reform and running deficits.

If the House passes their bill and the Senate passes theirs, they'll have to hammer out a version in conference committee that satisfies House leaders while not running afoul of the long - run deficit rule.

Some provisions phase out, presumably to lower the long - run deficit effects for scoring purposes, but that's unlikely to be enough.

And so long as the legislation still increases the long - run deficit, it's a nonstarter in the Senate, which explains why that body has taken a different approach.

Unless the federal government believes that it is more important to steadily reduce the debt ratio (to 20, 15, 10, or zero per cent), rather than dealing with other critical policy issues, then the federal government will soon have to start running deficits.

The Conservative government has run a deficit since 2008 - 09 and, has left future generations of Canadians additional debt of more than $ 150 billion.

This legislation is all about sending a «message» to the Conservative base that, if elected, a Conservative government will not «run deficits».

Marc Lee, economist at the Canadian Centre for Policy Alternatives, a progressive Vancouver think tank, says that government action on the reforms suggested by labour will be hampered by ideological objections to running deficits in bad times.

However, in times of recession, you want government to run a deficit.

According to Mr. Harper, and his Finance Minister Joe Oliver, running a deficit would quickly «turn Canada into Greece» and Canadians would risk losing everything.

But claiming as the Conservatives would that, if the federal government were to run a deficit, Canada would soon become like Greece is just utter «bull crap».

Well it's not too bad at all if you're a banker because now these countries like Greece and Ireland are broke and now the bankers get to go to them and say, well, you have to finance your government spending not by government running a deficit — but sell us your real estate, sell us your mines.

Navarro and Trump will argue that we run a deficit with Mexico which must be balanced (perhaps through renegotiating the NAFTA).

They elected a government that is prepared to invest in the future and run deficits.

A larger government does not mean running deficits or a higher level of debt or debt burden.

In fact, the U.S. also runs a deficit with Canada, and that's mostly because of oil and gas.»

Mightn't there be times when you wanted to run a deficit, but wanted to reduce the stock of money?

With the federal budget coming soon, it is also worth recalling that the Liberals promised to run deficits of no more than $ 10 - billion for a maximum of three years, but the government's latest projections peg its annual deficits at almost $ 30 - billion with no timeline for returning to a balanced budget.

Instead, his latest budget runs a deficit every year.

Canada's trade surplus with the U.S. stands out because it runs a deficit with the rest of the world.

If a company has been running a deficit for the last 2 years you might sell your shares.

In both cases, Conservative parties were defeated by parties promising moderate progressive platforms that included tax increases and significant increases to public infrastructure investment and explicit commitments to run deficit budgets, for at least the short - term period in the case of the NDP.

On the other hand, economist Larry Summers argues in Foreign Affairs that running deficits can stimulate the economy — like giving a car battery a boost to get it going.

I have been a major proponent of deficits and fiscal expansion to spur recovery but now, when unemployment may fall below 4 percent and the Fed is tightening, is not the time to expand the long - run deficit.

Despite years of economic prosperity, the PCs have run deficit budgets since 2008 and do not appear to have planned for any economic downturns (even though the price of oil has always been cyclical in nature).

At the same time, the government's decision to run a deficit means a weak dollar, and experts warn that more debt also means larger interest payments and a weaker currency.

At a 40 % debt - to - GDP and 2 % government bond rates, the government can easily run a deficit to finance its growth plans.

Bank credit creation, and government spending running a deficit was part of this trend.