Good morning!
It’s a massive week for the Canadian economy.
Prime Minister Justin Trudeau’s Liberal federal government is set to unveil its first budget in the pandemic era that Financial Post and National Post reporters will pore over later in the day — after 4 p.m. if history is any indication, or when Chrystia Freeland, putting on her Finance Minister cap, rises to speak in parliament.
Equally significant, Bank of Canada will release its Monetary Policy Report and interest rate decision on Wednesday — that’s what hacks like me call a big week in Canadian economy.
The budget is easily the most anticipated economic event in a while, given that it will be the Liberals’ first in two years. Potentially it could trigger a new election, but the NDP has already signalled that it will not take any action that will lead to Canadians heading to the polls in the middle of a pandemic.