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Jim Flaherty.
JASON FRANSON

The big news: Jim Flaherty’s balancing act

Also: Rob Ford faces off against city council, rower crosses the Atlantic solo
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The story Finance Minister Jim Flaherty delivered his annual fall economic update. Flaherty’s mission since the government started running deficits in 2009 has been to balance the books. He did confirm the government’s timeline to that end, and also announced he’ll run for reelection in 2015—a surprise to those who thought Flaherty’s health struggles might push him into retirement.

The stat Flaherty projects a $3.7-billion budget surplus in 2015-16, which just so happens to be an election year.

The quote "Draining the swamp of big government has worked before. If it works again, voters may have forgotten all about Mike Duffy’s $90,000 cheque by election day." —John Ivison, writing in the National Post

What’s above the fold

The Globe and MailThe federal government says the Senate isn’t politically independent.
National Post Conservatives hope for a $3.7-billion budget surplus in 2015-16.
Toronto StarToronto city councillors are urging Rob Ford to take a leave of absence.
Ottawa CitizenThe opposition worries Harper’s government will sell important assets.
CBC NewsFord will learn just how many councillors have turned against him.
CTV NewsPOLL: 72 per cent say Ford refusing to step down is "not acceptable."
National NewswatchFord says he’s ready to defend himself at city council.

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What you might have missed

THE NATIONALTransatlantic rower. Mylene Paquette, a 35-year-old Montrealer, completed a rowing trip across the North Atlantic in 129 days. On her trip from Halifax to coastal France, Paquette capsized 10 times and confronted waves the size of buildings. She was followed by wildlife for days at a time.
THE GLOBALCambodian unrest. Police cracked down on striking garment workers who demanded higher wages, killing one and injuring eight. The protesters, who work for SL Garment Processing (Cambodia) Ltd., hoped to march to the residence of Hun Sen, the Cambodian Prime Minister.


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