(Ottawa's) Federal surplus swells to $9 billion

sonicx

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Thu Dec-16-04 06:34 PM
Original message

(Ottawa's) Federal surplus swells to $9 billion

Edited on Thu Dec-16-04 06:35 PM by sonicx

OTTAWA (CP) - The federal surplus swelled to $9 billion in just the first seven months of the current fiscal year, thanks to a windfall from Ottawa's sale of its stake in Petro-Canada.

The latest figures from the federal Finance Department show that from April to October, the government took in $9 billion more than it spent - dramatically larger than the $5.8-billion surplus reported during the same period a year ago.

This year's surplus was swollen by the one-time results from the sale of the federal government's final holdings in the former Crown corporation.

That added $2.6 billion to Ottawa's coffers in September, said the Finance Department.

more = http://cnews.canoe.ca/CNEWS/Canada/2004/12/16/785894-cp.html

surplus...what's that? :crazy::crazy::crazy:

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Brundle_Fly

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Thu Dec-16-04 06:39 PM
Response to Original message

1. BLAME CANADA......

Edited on Thu Dec-16-04 06:39 PM by Brundle_Fly

Gay Marriage...
Legalized Pot....
No Missile Defense Shield Involvement....
US Military Dodgers....

and a Budget Surplus??????!!

They are doing something wrong...they are in bizarro world.

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Brundle_Fly

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Thu Dec-16-04 06:40 PM
Response to Reply #1

2. must be the Damned Liberals. n/t

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Siyahamba

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Thu Dec-16-04 07:18 PM
Response to Reply #2

5. US politicians fear being branded a Liberal

Canadian politicians who are branded Liberals have the best chance of getting elected!

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Minstrel Boy

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Thu Dec-16-04 06:45 PM
Response to Original message

3. Sure, a surplus is great, but I regret Canada no longer has

a publically-owned petroleum company. Especially now.

A majority stake in Petro Canada was sold by the Conservatives more than 10 years ago, so its strategic value was already lost.

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Deja Q

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Thu Dec-16-04 06:52 PM
Response to Reply #3

4. With NAFTA, it makes sense. NAFTA gives the US the 'right' to take

Canadian oil and other energy resources in the time of a crunch.

Good ol' NAFTA. :eyes:

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Just Me

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Thu Dec-16-04 07:26 PM
Response to Original message

6. It's so wonderful to feel "needed".

They could use me and my only son.

I've lots to offer in terms of worldly experience and vast education. My pubescent son is an amazingly adaptable and pro-humanitarian essence.

But, of course,...we live reality,...thrive off dreams,...as we must.

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Vidar

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Fri Dec-17-04 09:16 AM
Response to Original message

7. Canada, land of decency, sanity and intelligence maintained despite the US

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