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9 Jun 2014
Canada: G20 countries deficits and debt might deepen again
FXStreet (Barcelona) - Speaking at the International Economic Forum of the Americas, Canadian Finance Minister Joe Oliver expressed his concern about the possibility of G20 countries' deficits starting to deepen again, as fiscal prudence is deteriorating in the face of sluggish global growth.
Oliver said that Canada was expected to show a C$2.9 billion deficit this year and a surplus of over C$ 6 billion in 2015 and 2016.
The Canadian Finance Minister also reiterated his support for the plans to ship oil south through the Keystone XL pipeline to the US Gulf coast.
Oliver said that Canada was expected to show a C$2.9 billion deficit this year and a surplus of over C$ 6 billion in 2015 and 2016.
The Canadian Finance Minister also reiterated his support for the plans to ship oil south through the Keystone XL pipeline to the US Gulf coast.