Gloomy financial future facing the Anglican Church of Canada: Anglican Ink, September 25, 2012 September 25, 2012Posted by geoconger in Anglican Church of Canada, Anglican Ink.
Tags: College of Emmanuel and St Chad, Dennis Drainville, Fred Hiltz
A strict regime of cost cutting and layoffs has not cured the Anglican Church of Canada’s cash crunch, the primate Archbishop Fred Hiltz told members of the synod of the ecclesiastical province of Canada last week in Montreal.
Archbishop Hiltz stated that the close of the second quarter of 2012, the Anglican Church of Canada was running a deficit of C$900,000. The national offices of the Anglican Church of Canada are not the only institutions facing financial shortfalls, dioceses and church institutions are reporting a decline in income, and last week a seminary announced it was closing its doors.
“The General Synod is struggling financially and if the truth be known we have been on this trajectory for a long time,” Archbishop Hiltz according a report printed by the Montreal Anglican.
Read it all in Anglican Ink.