This content is from: Sponsored Content

Canada’s 2016 Budget to be paid for by the US*

Negotiations for fictitious Budget funding from the US to Canada have hit a brick Wall in Mexico

In an all-party parliamentary vote this month, the US Congress has passed a movement to send a cheque to the Canadian Prime Minister, Justin Trudeau, for his 2016 Budget.

The estimated 2016-2017 deficit that Trudeau's Budget will incur is to be funded by US Congress in a generous move to encourage business between the two countries.

Mexico is said to be apoplectic: while it will be left with the American bill for 'The Wall', Canada has only offered a specific tax exemption for Taco Bell – a frankly insulting take on Mexican cuisine and, more pertinently, a US corporation.

In a joint statement on Monday, US President Barack Obama and Republican and Democrat frontrunners Donald Trump and Hillary Clinton said: "We've got it all figured out. Mexico pays for The Wall, we fund the Canadian Budget, and Canada and Mexico... Well, they can figure it out for themselves. God bless the United States of America."

*not really

The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms and Conditions and Privacy Policy before using the site. All material subject to strictly enforced copyright laws.

© 2021 Euromoney Institutional Investor PLC. For help please see our FAQ.

Instant access to all of our content. Membership Options | 30 Day Trial