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Feds get ‘some’ credit for economic success, but cautioned on deficits, including $28.5-billion this year
By Derek Abma July 24, 2017
The Bank of Canada’s first interest-rate hike in seven years is seen as a good indictor of the economy, and the government gets some—but limited—credit.
Finance Minister Bill Morneau, left, and Justin Trudeau on Budget Day on March 22, 2017. Economists say the government has had some effect in improving the economy. The Hill Times photograph by Jake Wright
Economists say the Bank of Canada’s recent interest-rate cut is a sign of Canada’s economy being the strongest it’s been in years, and most say the Trudeau government can take some credit while also saying it should be careful about the deficit spending it has planned for the foreseeable future.
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