Toronto Star | Ottawa faces deficit with low oil prices, budget watchdog says Toronto Star Liberal Leader Justin Trudeau hammered the Tories for their reaction to plummeting oil prices as the House of Commons resumed Monday. But Finance Minister Joe Oliver says the economy is strong and is promising a balanced budget. (Jan 26, 2015). Oil prices put Ottawa on path to deficit, budget watchdog says Parliamentary budget officer sees $48 oil creating small deficit Ottawa is deficit-bound if oil prices stay low: PBO |