The 'Fiscally Conservative' Harper Government Ran A $1.85 Billion Deficit In The Month Of November 2012
"The federal government ran a deficit of $1.85-billion in November but eight months into the fiscal year, the size of the federal deficit is coming in smaller than last year.
From April through November, the federal deficit for the 2012-13 fiscal year now stands at $12.4-billion, compared to a deficit of $15.5-billion over the same eight month period a year earlier.
However November’s $1.9-billion deficit was larger than the $1.6-billion deficit posted in November 2011. Private sector economists and the Bank of Canada have all pointed out that 2012 ended with slower than expected economic growth."
Globe & Mail
Harper gives $14 Billion Surplus to Banks - 2007