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The Liberal government could still meet its budget targets if oil prices fall to US$25 a barrel this season and Canada’s economy only grows by one percent. That’s thanks to a $6 billion contingency fund Finance Minister Bill Morneau has generated into this year’s $29.4 billion budget deficit, though he has not explained how he intends to use that contingency ...
Read More »Why the budget set an ‘excessively low bar’ with US$25 oil price — and what it means for Ottawa’s spending
