Oliver: on track to balance budget in 2015

Wed Jan 14, 2015 5:30pm EST
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VANCOUVER (Reuters) - Canada's Finance Minister Joe Oliver reiterated the government is on track to balance the budget in 2015-16 as expected, even with the recent slide in oil prices.

"We are proud that the government is on track to achieve a balanced budget in 2015, with an expected surplus of C$1.6 billion," Oliver told reporters.

He said the projection takes into account the drop in oil, noting the slide in crude had both positive and negative implications for the economy.

(Reporting by Nicole Mordant; Writing by Leah Schnurr; Editing by Chris Reese)

Canada's Finance Minister Joe Oliver listens to a question while speaking to journalists before the start of a meeting with his provincial and territorial counterparts in Ottawa December 15, 2014. REUTERS/Chris Wattie