The burden of a government's debt is best measured by the size of that debt in relation to the size of the economy. The economy will soon be growing faster than the government's debt. The fiscal projections are based on a consensus of private sector forecasts with further prudence factors added . If not needed, the reserve goes to reducing the deficit further. Canada's economic indicators have not been this positive in a very long time .
Inflation remains under firm control.
Short-term interest rates are lower than they have been in close to 35 years, and have been below comparable U.S. rates for the longest sustained period in two decades. Housing resales have reached record levels and the sale of consumer goods is up substantially. Business confidence has never been better. In fact, the share of businesses that think it is a good time to invest has reached its highest level on record. Nine out of 10 of these jobs are full-time.