David Ljunggren: Economic Uncertainty

economic uncertainty: OTTAWA - Canadian Finance Minister Jim Flaherty canceled plans on Monday to increase a payroll tax in a break for small businesses hurting from lingering economic uncertainty, but the move is not expected to provide a big lift to growth or jobs, according to Reuters. Flaherty noted global economic troubles, particularly in Europe, that he said Canada could not ignore. At the same time, he said the move to roll back what he called a "payroll tax" was possible because more Canadians are working and fewer are claiming EI benefits, so the EI operating account is on track to eliminate its deficit earlier than planned and By David Ljunggren and Louise Egan The employment insurance EI premium paid by both employers and workers will be frozen at 2013 levels for 2014 and will not be allowed to surpass that rate in 2015 and 2016, Flaherty said, instead of rising every year as outlined in the government's March budget. (www.immigrantscanada.com). As reported in the news.