Trudeau’s Pre-Election Bet Hinges on Fast Growth, Low Inflation
Bloomberg 54 mins ago
Justin Trudeau’s government released a budget that promises big spending on new social programs and a return to small deficits by 2025, setting the stage for a possible election in Canada this year.
After running one of the largest shortfalls of any developed country last year, Finance Minister Chrystia Freeland outlined plans Monday for a national childcare program, the centerpiece of C$101 billion ($80.6 billion) in new policy actions over the next three years. The budget also includes extensions of pandemic-relief programs as well as more cash for pensioners, low-income workers, subsidies for businesses, help for students, and billions for health care more than 200 new measures in all.
Trudeau bets on fast growth and low inflation to curb deficits
Kait Bolongaro
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Ottawa | Justin Trudeauâs government set the table for a possible election in Canada with a budget that promises big spending on new programs such as childcare and a return to small deficits by 2025.
After running one of the largest shortfalls of any developed country last year, Finance Minister Chrystia Freeland outlined $C101.4 billion ($104.3 billion) in new policy actions over three years to aid the economic recovery.
The plan includes more cash for pensioners, subsidies for businesses to rehire workers and billions for health care and infrastructure.
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