The takeaway from the spring fiscal update? Your answer will have to wait until the fall budget
The spring fiscal update offered little concrete on economic transformation, deferring major decisions to the fall budget. While Prime Minister Mark Carney maintains high approval and Canada avoids fiscal crisis, concerns grow over rising deficits from short-term spending rather than strategic investment. The government has yet to demonstrate a clear plan for boosting long-term growth or addressing Canada's business investment deficit. The newly announced Canada Strong Fund could signal a shift toward return-seeking public investment, but its success remains uncertain.
Opening excerpt (first ~120 words) tap to expand
Open this photo in gallery:Prime Minister Mark Carney and Minister of Finance Francois-Philippe Champagne make their way to the House of Commons before the tabling of the spring economic update on Tuesday.Justin Tang/The Canadian PressShareSave for laterPlease log in to bookmark this story.Log InCreate Free AccountDonald Trump depicted himself as Jesus healing the sick in an AI-generated image the U.S. President posted earlier this month. But with his approval rating underwater, and unpopularity almost certain to cost him control of Congress this fall, not many Americans are imagining Mr. Trump as their messiah.
…
Excerpt limited to ~120 words for fair-use compliance. The full article is at The Globe and Mail.
Discussion
0 commentsMore from The Globe and Mail
