Doer government boasts surplus while facing potential deficit
Manitoba Finance Minister Greg Selinger announced a 2002-03 budget surplus of 3.5 million after tapping 22.3 million from the Rainy Day Fund leaving 235.5 million. Tory critic John Loewen counters the gain hides a larger shortfall from Manitoba Hydro losses and looming disaster-relief expenses.
MENTIONED IN THIS ARTICLE
Greg Selinger
Doer
Manitoba
Fiscal Stabilization Fund
FSF
Selinger
NDP
John Loewen
Manitoba Hydro
Loewen
United States
Mr. Selinger
Boomers face retirement squeeze a decade after 2015 warning
The author recalls predicting a retirement crisis by 2015 and analyzes a decade of market shocks. He notes heavy reliance on real estate and bonds, rising debt, record low returns, and only modest RRSP balances, with one in three Canadians aged 45–59 unlikely to retire comfortably.
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Canada
Stats Canada
Nortel
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