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Joe Oliver Delays Federal Budget amid Market Volatility

Posted January 18, 2015

Under Economic Issues, International Trade Issues

(Kyle Bakx – CBC News)

Finance Minister Joe Oliver says he will delay the federal budget until at least April due to the volatility of the economy.

Oliver said the sharp drop in oil prices is having a complex impact on the country’s economy. He made the comments in a speech to the Calgary Chamber of Commerce Thursday. Oliver said he still does not know when the budget will be delivered. 

“As the great Yogi Berra once said, ‘I wish I had an answer, because I’m tired of answering the question.’ That said, given the current market instability, I will not bring forward our budget earlier than April. We need all the information we can obtain before finalizing our decisions.” Click here to read more.