User: Brian Ripley: CAD Economy: Canadian GDP Update - chpc.biz

Canadian GDP Update - chpc.biz

Said the Canadian Finance Minister Mr. Jim Flaherty to the question: “How much of a kick are we going to take on the revenue side because of lower nominal GDP? Significant, it’s significant.” More at www.chpc.biz

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"SIGNIFICANT"

Said the Canadian Finance Minister Mr. Jim Flaherty to the question: “How much of a kick are we going to take on the revenue side because of lower nominal GDP? Significant, it’s significant.” I watched the interview over my usual morning bowl of gruel and also heard Jim say that "We will stay on track to balance the budget in 2015-16."


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Oh Oh. 

If the Government is heading towards negative spending and the trade balance is already in negative balance, then you dear private sector better get out there and start spending because the last time I looked, Canadian Producers (IPPI) can't seem to get it up. See my Canadian Deflation Update


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