Winnipeg Free Press

Winnipeg Free Press (Newspaper) - July 24, 2015, Winnipeg, Manitoba C M Y K PAGE A14 A 14 WINNIPEG FREE PRESS, FRIDAY, JULY 24, 2015 CANADA winnipegfreepress. com 289 KING STREET . 204- 946- 0729 Mon- Fri 8: 30- 5: 00 Sat 9: 00- 3: 00 . Closed Sun New, custom orders, factory seconds, and more. tagwarehouse. ca WINDOWS & DOORS IN STOCK OVER 1000 UNITS TO CHOOSE FROM 665 Stafford St. ( at Pembina Hwy.) Stafford Square Mall ( Behind Price Choppers) 204- 453- 6473 BEST PRICE GUARANTEED!!! 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STK # 15SO157 STK # 15SO210 STK # 15SD190 7 TO CHOOSE FROM CHOOSE FROM 10 TO CHOOSE FROM 5SD 190 5 Ex 5SO157 1 5SD S 5 TO CHOOSE FROM axes C 9 TO STK # 15OP231 FRO 0 OM ST ** Cash prices are plus PST & GST O TTAWA - With discouraging forecasts casting a shadow on the Canadian economy, the federal Liberals say they need more information before they could make a preelection promise to balance this year's budget. Canada's weakened economic conditions, labelled by some as a recession, are forcing political parties to re- examine their platforms before they hit the campaign trail. A new analysis this week based on a downgraded Bank of Canada forecast revealed the country is on course for a deficit in 2015- 16. The calculation raised doubts the governing Conservatives remained on track to deliver an election- year surplus. But despite the economy's struggles, the Tories maintain they will produce a surplus for this fiscal year - a pledge only made by one of their two main opponents so far. The New Democrats say they will unveil a plan to balance the books for 2015- 16 if they win the October election and form government. The Liberals, however, are non- committal whether a Trudeau government would eliminate the deficit for this fiscal year. Liberal finance critic Scott Brison said in an interview Thursday the party would need to know the details on the current fiscal situation before it could promise a balanced budget for 2015- 16. Brison sent a letter this week to Finance Minister Joe Oliver urging him to make his department's latest budgetary projections public before a parliamentary committee. " Then, and only then, are we able to predict with certainty what we're capable of doing in terms of balancing," said Brison, who doubts the government is on the path to a balanced budget. " If they can't create a surplus this year that is realistic, it's pretty hard to see where anyone else can." He stressed the Liberals intend to eventually eliminate any budgetary shortfall they inherit and pay down debt: " We will balance the budget over our mandate, but in terms of the first year..." In Winnipeg, Liberal Leader Justin Trudeau was asked whether a Liberal government would balance the books in 2015- 16 and he said: " I continue to be committed to balancing budgets and fiscal responsibility." On Wednesday, the parliamentary budget office produced an updated fiscal outlook that predicts the hobbled economy will nudge Canada $ 1 billion into the red in 2015- 16. The Conservative government tabled a budget in April that projected a $ 1.4- billion surplus this year. Most economic experts argue achieving a balanced budget, rather than allowing a narrow deficit, is more of a political goal than a crucial economic one. To some, a couple of billion dollars of deficits amounts to a rounding error when taking the whole federal budget into consideration. But the political desire to balance remains strong. New Democrat finance critic Nathan Cullen insists the party will propose a fully costed plan to voters calling for balanced books in 2015- 16 - even with the slumping economy and the budget office's grimmer fiscal projection. To help the party hit the target, Cullen said an NDP government would cancel Tory measures, such as income splitting for families with kids. The NDP, like the Liberals, argue the $ 2- billion plan favours wealthier Canadians and does little for the economy. The New Democrats would even have enough leftover cash to lower the small- business tax rate and create national programs such as affordable child care, Cullen said. " Things are obviously tight, but we believe that there's still fiscal room," he said of balancing the books this year. " It's about choices." Oliver insisted earlier this week the Harper government is " very comfortable" it will produce a budgetary surplus this year - despite the economy's problems that are largely due to the oil- price slide. He also pointed to predictions from experts that say the economy is poised for a late- 2015 rebound. - The Canadian Press Liberals make no balanced- budget promises By Andy Blatchford WASHINGTON - The Canadian government isn't satisfied by the latest step taken by U. S. lawmakers to avoid a continental trade war. The government said a bill introduced Thursday in the U. S. Senate falls short of what would be required to avoid tariffs on American products. Canada and Mexico are poised to impose such tariffs following a string of victories at the World Trade Organization, with Canada specifically seeking WTO permission to impose duties of $ 3 billion on a range of American goods including wine and frozen orange juice. The dispute revolves around a requirement that meat sold in the U. S. be labelled by country of origin, which the WTO recently declared invalid, opening the door to penalties. The threat of retaliation has already prompted one- half of U. S. Congress, the House of Representatives, to pass a bill repealing the labelling rule. A bill introduced Thursday in the other chamber, the Senate, doesn't go quite that far; it proposes a voluntary system where producers could choose to label meat by where it was born, raised and slaughtered. The Canadian government says that's still discriminatory and wouldn't deter it from seeking to impose tariffs. "( This) will harm farmers, ranchers, packers, retailers and consumers on both sides of the border," the Canadian government said in a statement. " The U. S. Senate must follow the lead of the House of Representatives and put forward legislation that repeals ( country of origin labelling) once and for all. " The only acceptable outcome remains for the United States to repeal... or face $ 3 billion in annual retaliation." The bill will now be debated in the Senate, where it could undergo some amendments. It must be approved by both chambers to become law. Meanwhile, the request to impose tariffs remains before the WTO and Canada says the penalties could be imposed within months. The meat- labelling dispute pitted proponents of labelling, who said consumers deserve to know where their meat comes from, against opponents including big players in the livestock industry who railed against it as a protectionist measure that did nothing to enhance food inspection while simply making it more difficult to import and sort imported meats. Thursday's Senate bill was described as a compromise by its supporters, who stem from both U. S. political parties. Its sponsors included John Hoeven, a North Dakota Republican who has been a staunch Canadian government ally on the Keystone XL file, and Michigan Democrat Debbie Stabenow. " This bipartisan, WTO- consistent legislation, will avoid retaliation while supporting our farmers, ranchers and consumers," Stabenow said in a statement. " If consumers in Canada have the right to know where their food comes from through a voluntary labelling process, then American consumers should have the same." In condemning the legislation, the Canadian government referred to Stabenow's role but not that of her Republican co- sponsor, Hoeven. The bill was also denounced by some players in the cattle industry, and by members of the other chamber, the House, who supported an all- out repeal of country- of- origin labelling, which they call costly and pointless. - The Canadian Press U. S. Senate meat bill falls short, feds say Ottawa warns tariffs are still on the table By Alex Panetta A_ 18_ Jul- 24- 15_ FP_ 01. indd A14 7/ 23/ 15 8: 11: 39 PM ;