The federal government posted a surprise $1.9 billion surplus in 2014-15, bringing the country’s books back into balance a year earlier than expected. The Finance Department released year-end figures for a period that was initially supposed to generate a deficit. The number ends a streak of six deficits under the Conservatives and is certain to reverberate on the campaign trail. These results pleased Conservative Leader Stephen Harper, whose government had forecasted a $2 billion deficit for 2014-15 in its April budget. In a statement, Harper credits “careful economic stewardship” for guiding the budget to balance a year ahead of schedule.
Will this affect the Conservatives’ campaign hopes?