If nothing else, these kinds of pronouncements from the Parliamentary budget office should teach us that moving into structural deficits as Justin Trudeau is doing, should be approached with a very high degree of caution. The 2008 financial crisis hit us almost overnight. An economic down turn can happen in a heartbeat. that's why prudence dictates in times of positive GDP growth we should be running balanced budgets or surpluses. Even John Manley has warned against Trudeau's flippance with regard to the budget.

The downward pressure on the dollar shows where capital is going and it is OUT of Canada, not in.