The federal government announced Canada is going deeper into deficit.
It's forecasted to increase by almost $2 billion to $19.6 billion, up from the $17.8 billion projected earlier.
“Deficits for the foreseeable future and Justin Trudeau talked about how the budget will balance its self. Well, clearly it won’t. The deficit’s more than three times what he said it would be and next year it will be even higher.”
MP Robert Sopuck says these deficits are not good and there are some economic headwinds Canada might go through next year.
“When you look at the great increase of the CPP premiums for everybody the average family is paying a little over 800 dollars extra in taxes. So, just when our economy is heading into some difficult times, this kind of overspending and increased taxation will do nothing to help our economy.”
