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Federal Budget to Invest in Skills Training, End Tariffs on Some Goods

Thursday, 21 March 2013 at 11:17

Finance Minister Jim Flaherty has introduced a stay-the-course budget that pledges to eliminate the deficit by fiscal 2015 -- but counts on strong economic growth and closing tax loopholes to help get there. Flaherty says the deficit for the current fiscal year is projected to be $25.9 billion but will become an $800-million surplus by 2015-16. The centrepiece of the budget is a revamped plan for skills training to better align the Canadian workforce with employer needs, but it requires matching contributions from the provinces and employers. But there is something for the average Canadian, angry about paying more for the same goods than Americans, the budget ends tariffs on baby clothes and sports gear, including skates, hockey sticks, skis and golf clubs.

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