UPDATE 3-Canada offers stimulus budget, but may be too little to re-elect Trudeau government [Reuters (UK)]
Royal Bank Of Canada (RY)
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Source: Reuters
Canada offers stimulus budget, but may be too little to re-elect Trudeau government | Reuters 5 Min Read OTTAWA (Reuters) - Canadian Prime Minister Justin Trudeau’s government, seeking to move past a political crisis threatening its re-election, lavished new spending on middle-class voters in its budget on Tuesday, but the measures may be spread too thin to move the needle before October’s vote. The budget was aimed at boosting consumer spending at a time when the economy is slowing, while shifting the narrative away from a scandal involving a major engineering and construction company that has shaken the ruling Liberal Party government. Trudeau has been on the defensive since Feb. 7 over allegations that top government officials leaned on his former justice minister to help SNC-Lavalin Group Inc avoid a corruption trial. The issue has dragged the party down in opinion polls, which indicate it is at risk of losing power to the official opposition Conservatives in October’s federal ele
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