Balancing the budget might "require more sacrifice" for federal departments as well as programs that had "run their course," Flaherty said, adding "there are still some tax loopholes" he would plug. when $85 billion in spending cuts kick in with no plan Nike Metcon 1 Orange Grey in place to soften the blow.
said he worried about the consequences of another austerity budget. But Sprott School Nike Lebron For Women
Flaherty said he hoped Canada wouldn't be overly hurt by financial crises in either America or Europe and that despite disappointing fourth quarter numbers, the $26 billion deficit would be eliminated by 2015.
to federal departments as he puts the final touches on the next budget, which will close more tax loopholes for corporations.
Flaherty won't rule out more cuts
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The Canadian numbers out Friday weren't good. The gross domestic product fell by 0.2% in December and despite modest gains in household spending, both the manufacturing and services sectors saw declines in the fourth quarter of 2012.
of Business professor Ian Lee downplayed the impact sequestration here.
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