The Future of The Program
In 2004, consultants gave the Department of Finance a report suggesting the CSB program be scrapped, giving an overall program cost savings of about $650 million in 9 years. And with record budget surpluses recorded by the Liberal government since 1997, the importance of CSBs to finance the government had waned.
Then-finance minister Ralph Goodale rejected the recommendation, and opted to have the program changed to be more competitive and attract investors. The intentions of the current Conservative government are not known.
Many Canadians still rely on this program for their investment portfolio, and the program is recognized by 2 out of 3 Canadians as their first investments.This program recognition may give potential to an improved and more popular program. This may suggest that the program may not be scrapped for many years to come.
Read more about this topic: Canada Savings Bond
Famous quotes containing the words future and/or program:
“The past is of no importance. The present is of no importance. It is with the future that we have to deal. For the past is what man should not have been. The present is what man ought not to be. The future is what artists are.
The facts: nothing matters but the facts: worship of the facts leads to everything, to happiness first of all and then to wealth.”
—Edmond De Goncourt (1822–1896)
“In time the scouring of wind and rain will wear down the ranges and plane off the region until it has the drab monotony of the older deserts. In the meantime—a two-million-year meantime—travelers may enjoy the cruel beauties of a desert in its youth,....”
—For the State of California, U.S. public relief program (1935-1943)