New Infrastructure funding sources step up in Canada

A shrinking budget deficit is usually good news, but a drop in federal debt in Canada is raising concerns over delays in government efforts to funnel infrastructure money into projects. The country’s federal deficit is poised to drop by $1.1 billion, mainly due to government delays in keeping up with ambitious infrastructure spending pledges, says a report by the Parliamentary Budget Office. Only about half of the $2.9 billion budgeted for infrastructure in 2016-2017 actually got out the door. Read more.