January 16, 2012
At this time of year, Canadians may be preoccupied with paying off their holiday credit card expenses - and not thinking too much about longer term prospects. With high unemployment, continuing stock market declines and worrying news about the European and American fiscal crises, many Canadians have been lowering their debt loads.
Their federal government is planning to do the same. The trick is to cut without stalling a fragile recovery, while making the investments necessary to ensure sustainability for the next generation of Canadians.