Record Budget Surplus for Canada

[nhboy]

Canada posted a record budget surplus of C$13.8bn last year, allowing Ottawa to reduce its debt ratio to the lowest level in 25 years and paving the way for a fresh round of personal tax cuts.

The announcement on Thursday by Stephen Harper, prime minister, is likely to fuel speculation that his minority Conservative government is preparing for a general election either this year or early in 2008.

The federal government has run a budget surplus every year since 1998, allowing the Conservatives and their Liberal predecessors to bring the federal debt down to 32.3 per cent of gross domestic product. The debt-to-GDP ratio reached a peak of 74.8 per cent in 1996.
LINK

 

[Chasey_Lane]

They'll be doing even better since the FED cut interest rates to bailout all the mortgage scum...

Originally Posted by Patch Tuesday
Nice try. This is how those so-called facts work:

"Reports of increases and decreases in home prices are typically quoted as changes in the median home price. This can be misleading because changes in the median price doesn't indicate how much appreciation or depreciation has taken place."

http://www.doityourself.com/stry/medianhomeprice

 

[SamSpade]

They'll be doing even better since the FED cut interest rates to bailout all the mortgage scum...

Ok, explain to me how the FED in the United States cutting interest rates affects Canada.