This years federal budget is delayed
Finance Minister Joe Oliver says he will delay the federal budget until at least April due to the volatility of the economy.
The finance minister is pledging the federal government will be able to balance the budget in 2015 and even post a surplus of about $1.6 billion.
"This great province is being sorely tested by an unexpected and dramatic fall in crude oil prices since last June," Oliver told reporters. "This new reality poses a great, though not entirely an unprecedented, challenge."
He made the comments in a speech to the Calgary Chamber of Commerce Thursday.The Alberta government is currently projecting a $6.7-billion drop in resource revenue based on forecasting oil at $65 US a barrel in the upcoming year.http://www.cbc.ca/ne...2901955?cmp=rss