TD predicts record deficit over two years, driving shortfall billions of dollars deeper than Ottawa's forecast.
In todays G&M, this article by Steven Chase.
"The Toronto-Dominion Bank's calculations - using their updated economic forecasts - would see Canada's federal debt swell by $81.5-billion over the next two years instead of by $63.5-billion as the Harper government forecasted seven weeks ago. This would drive up Ottawa's debt to $540.2-billion in the 2010-11 fiscal year instead of $522.2-billion as currently forecast."
It looks like our PBO officer, Kevin Page, is right. Let's hope that Harper doesn't do away with him. I know he'd love to, & is working towards that end, but we all need to be vigilant on this as does the MSM. And let's not forget that it was Harper that appointed Mr. Page even though he would prefer to say it was the Liberals. And the PM does like to do revisionist history.