FINANCIAL GROWTH

Canada was the only G7 nation to run a surplus last year.

Following 27 consecutive years of deficits, the Liberals balanced the budget in 1997-1998 and have run eight consecutive surpluses since.

While the U.S. and U.K. balanced their budgets by the late nineties, they're both back in the red.

Under the Liberals, Canada moved ..... to first in terms of the fiscal performance of the club of wealthy industrialized nations.

We're doing better than the U.S., France, Germany, Italy, Japan and the U.K.

"Canada has been one of the top economic performers among industrial countries over the last decade," writes Kevin Lynch, executive director of the International Monetary Fund in Washington, D.C.


Titled The Virtuous Cycle: The Canadian Experience in a G7 Context, Lynch's piece documents Canada's remarkable fiscal performance and asserts this country has lessons to teach other G7 members.


Canadians again head the pack on per capita economic growth from 1995 to 2004

Inflation averaged a tolerable two per cent between 1995 and 2004.

Canadians rank second only to Americans in 2004 earnings, ahead of all other G7 residents.



Saturday, October 08, 2005

Excerpts from Barbara's Yaffe article in the Vancouver Sun. brought to you by Russell Monsurate AI.

PS:  Canada is the only member of the Group of Seven rich industrial nations to regularly run budget surpluses. Its latest surplus for 2004-05 was just C$1.6 billion, down from the previous year's C$9.1 billion

The Conference Board of Canada, one of a handful of private sector forecasters used by Ottawa to crunch its revenue data to provide surplus estimates, is forecasting C$10 billion will remain in government coffers by March 31 2005, the end of Ottawa's fiscal year.