Well, parliament has reopened without a lot of pomp and circumstance. The lack of show was more due to the frigid cold than any austerity move. I’ve been in Ottawa and around the Hill this time of year, it is VERY cold there. The throne speech, written by the government and delivered by the Governor General, was relatively brief as throne speeches go.

The big news of the day wasn’t really the throne speech anyways. The bigger news is the budget that will be delivered tomorrow. Many of the details of the budget has been ‘leaked’, although when the leaking gets done by government officials and ministers, that is deliberate.

It appears there is going to be a $64billion deficit in the next two years. That is a complete 180 degree turn for the Conservatives from just two months ago when they claimed that we first of all were not going into a recession and secondly that we would not be incurring a deficit if a downturn should occur. More >

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