Martin to report on Canada’s economic pulse today

OTTAWA, Ont. — Finance Minister Paul Martin is currently preparing to deliver a key economic update later today; one that is expected to include details of a record surplus of at least $15 billion.

While no new spending or tax cuts are planned, Martin says the money will go towards paying down the national debt.

Business had called on Martin to keep a lid on spending in case the economic downturn south of the border moves north.

Despite the slowdown that spilled over from the U.S. late last year, Prime Minister Jean Chretien jumped the announcement May 15 during question period when he suddenly blurted out the record surplus.

Some private-sector economists have suggested the figure could be even bigger, given Martin’s tendency to control expectations by low-balling his figures.

Truck News is Canada's leading trucking newspaper - news and information for trucking companies, owner/operators, truck drivers and logistics professionals working in the Canadian trucking industry.


Have your say


This is a moderated forum. Comments will no longer be published unless they are accompanied by a first and last name and a verifiable email address. (Today's Trucking will not publish or share the email address.) Profane language and content deemed to be libelous, racist, or threatening in nature will not be published under any circumstances.

*