TD Economists Doubt Ottawa's Surplus Projections

Posted by Miranda Miller Jun 2, 2009

Economists from TD Bank predict a cumulative deficit double that laid out in Ottawa's most recent budget. Will the government return to a surplus in 2013-14 as predicted by Finance Minister Jim Flaherty?

TD predicts the government will run a cumulative deficit of $167 billion over the next five years. That's twice what Ottawa estimated in their January budget.

See Paul Vieira's TD Questions Ottawa's Surplus Forecast in the June 2, 2009 edition of the Financial Post for the full story.