Canada is on track to balance its budget, according to Finance Minister

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Finance Minister expects Canadian growth with U.S. recovery

Canada’s Finance Minister Joe Oliver says the country is still on track to balance its budget in 2015 – 2016 as reported, even after oil prices dropped recently.

“We are proud that the government is on track to achieve a balanced budget in 2015, with an expected surplus of $1.6 billion,” said Oliver, as reported by Reuters.

This projection was adjusted to include the drop in oil, which Oliver told reporters would positively and negatively affect the economy this year.

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