Canadian budget to show surplus by 2016

Note: This section contains information in English only.
Source: Bloomberg
© Scanpix/AP
According to Canadian government's plan, the federal budget will report the first budget surplus in the financial year, which starts in April 2015. The renewed fiscal plan forecasts the surplus to reach $3.7 billion instead of $800 million that was predicted before. The government projects a decrease in both revenues and expenses by 2016. The free money will be spent on paying down the national debt.
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Wed, 13 Nov 2013 08:36:05 GMT

Asian stocks slip to 6-week low on Fed

Asia shares declined on Wednesday falling to the weakest level in a six-week period after the Federal Reserve officials signaled that the U.S. central bank may scale back its bond-buying program sooner than expected. The broadest MSCI Asia-Pacific index outside Japan fell 1.4% recording its fifth successive drop, when slipped to the least in more than a month.

Wed, 13 Nov 2013 06:53:05 GMT

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