Will low oil prices push Ottawa into a deficit? Who cares! The real issue is the failure to use fiscal tools to strengthen recovery and create jobs.
Ottawa has been abuzz for weeks over how badly the Conservatives' brand-defining quest for a balanced budget will be damaged by falling oil prices. But Canadians can relax and stop biting their nails.
Is promising Canadians a budget surplus without making new tax measures or additional spending cuts really possible? (No.)
The Parliamentary Budget Office (PBO) says the drop in oil prices will mean the government will run a small deficit this year. Harper pretends the PBO says otherwise. The NDP has other ideas.
Harper now says falling oil prices are good for the rest of the economy, yet, Joe Oliver is still delaying his federal budget report. What gives?
Prime Minister Harper now says falling prices in the oil and gas sector are good for the rest of the economy. Still, Finance Minister Oliver has postponed his budget because of market uncertainty.
While cheaper gas means Canadian motorists could save $12 billion in 2015, it has other implications for the Harper government given its chosen dependence on a petro-economy.
David J. Climenhaga
Alberta Premier Jim Prentice's bleat to the Rest of Canada they'd better get in line with Alberta's need to pump oil and pump the currency seems a bit rich.
Plunging oil prices mean industry is putting the brakes on oilsands expansion -- bad news for businesses in Fort McMurray and those heavily invested in the industry but good news for the planet.
Will the falling price of oil affect the construction of the proposed Energy East, Trans Mountain, Northern Gateway and other pipelines?