Bullboard - Stock Discussion Forum iShares Core Canadian Universe Bond Index ETF T.XBB

Alternate Symbol(s): ISARF

The investment objective of the Fund is to provide income by replicating, to the extent possible, the performance of the FTSE Canada Universe Bond Index the Index, net of expenses. To achieve its investment objective the fund uses an indexing strategy to achieve its investment objective. Under this strategy, the Fund seeks to replicate the performance of the Index, net of expenses, by employing... see more

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iShares Core Canadian Universe Bond Index ETF > CDN Budgetary Deficit Update

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Post by Contra_Man on Nov 13, 2012 12:50pm

CDN Budgetary Deficit Update

Flash Forward: Jim the Funny Fin Min states today in a budget update that they're way off... off by 50% from earlier this year, or $5 Billion higher deficit for 2012/13 - and add another $6.5 increased deficit for 2013/14 than projected as well.

$11.5 Billion in additional spending announced with no corporate or personal tax rate offset. Not bad driving Jimmy. The often mentioned Conservative faux "path" to Cdn. fiscal budgetary balance is a federal crock, quite obviously. The real fear is the CDN dollar would soar, hurting the price of Chinese oil sands perhaps, with either higher interest/mortgage rates or a balanced spending "stimulus" budget.

In the words of Max Smart: Missed it by "that" much!

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