Bill Morneau’s mad money: How today’s budget will give you a piece of it [Toronto Globe and Mail (Ontario, Canada)]
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Source: Toronto Globe and Mail
Bill Morneau’s mad money: How today’s budget will give you a piece of it Briefing highlights Brace for March (Spending) Madness — Craig Wright Finance Minister Bill Morneau has a lot to juggle. But he also has some mad money, and you can expect to share in it when he drops his pre-election budget after markets close. Economists expect Mr. Morneau and his Liberals, under siege amid the SNC-Lavalin affair, to offer Canadians a fair bit under a second Trudeau government, while still coming across as fiscally responsible. Story continues below advertisement The backdrop is an interesting one: Economic growth has flatlined, but the jobs market is solid and unemployment low, Canada still has a strong credit rating and revenue has topped expectations. "We expect the March 19 federal budget to reflect this government’s penchant for spending," said Royal Bank of Canada chief economist Craig Wright. "After all, it had no trouble boosting spending by an average of 6.5 per cent annually while t
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