NDP pulls back on federal surplus forecast

The NDP still plans to balance the budget federal if elected, but is calling for a much smaller surplus over the next few years, reports The Toronto Star.

As the party’s full platform document says, the federal surplus will likely only reach $2.2 billion by 2018. That compares to the NDP’s previous forecast of a $4.1-billion surplus for the 2016-2017 budget (as seen in its costing document).

To protect consumers, reports The Star, the NDP now wants to “revive plans to introduce a new Consumer Protection Act, which would limit automatic teller machine fees to $0.50 per transaction, [as well as] establish a gasoline ombudsman to deal with complaints about pump prices.” Read more.

For more on the election, read:

Advisor’s 2015 election guide

Party platforms to determine most small biz owner votes

Reforming stock option taxes won’t bring gvn’t more tax

Harper on the economy, TPP and other hot-button issues

Staff

The staff of Advisor.ca have been covering news for financial advisors since 1998.