- Assumes growth of 1.6% in real and 3.3% in nominal GDP 2013. 2.5% real and 4.7% nom in 2014
- Sees deficit of C$25.9bn 2012/13, C$18.7bn 2013/14, C$6.6bn 2014/15. Surplus of C$800mil 2015/16
- Considering issuing bonds of 40 years or more to capture low rates.
- Budget lays out plans to impose higher capital requirements for domestic systematically important banks
- Budget extends tax credits for junior mining firms
- Plans new limits on portfolio mortgage insurance to limit taxpayer exposure
Canada release budget forecasts
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