New Brunswick's Growing Trade Deficit

This is a New Brunswick's news story, published by financialpost, that relates primarily to David Campbell news.

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trade deficit

financialpost

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New Brunswick must address ballooning trade deficit, says former chief economist

Summary

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74% Informative

New Brunswick's trade deficit has ballooned to billions of dollars , says former chief economist David Campbell .

Private-sector growth has averaged only 0.5 per cent growth over the past 17 years , down from 3.3 per cent in the previous 10 years .

The province is heavily reliant on federal government transfers, which account for 39 per cent of its budget.

“If we just sit back and say, Well, we’re old, we're kind of comfortable here and we're not going to drill for minerals.. it doesn’t seem like a very fair deal.” “The money just keeps flowing in from Ottawa ,” says the mayor.

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Informative language

Neutral language

Article tone

informal

Language

English

Language complexity

Offensive language

not offensive

Hate speech

not hateful