• 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