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Feds keeping belts tightened

The federal government is pressing ahead with its restraint programnext year despite new calculations showing Ottawa can likely balancethe budget ahead of schedule.

The federal government is pressing ahead with its restraint program next year despite new calculations showing Ottawa can likely balance the budget ahead of schedule.

Treasury Board president Stockwell Day says the government’s commitment to balancing the budget in just more than five years is partly responsible for the economy’s turnaround.

“One of the reasons we’re seeing increased investment in Canada, both domestically and internationally, is because we’ve sent out a clear message that we’re going to balance our budget,” said Day.

Despite recent soft numbers, Canada has led the major industrialized countries in bouncing back from recession, recording a growth spurt of 6.1 per cent in the first three months of 2010.

 
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