Free Trial

MNI BRIEF: Canada's Budget on April 19 to Press More Stimulus

(MNI) OTTAWA
OTTAWA (MNI)

Canadian Finance Minister Chrystia Freeland said on Tuesday she will present a budget on April 19, adding the country's strong finances have allowed her to advance major stimulus programs.

The first full fiscal plan in two years should lay out more details on adding another CAD70 billion to CAD100 billion in deficit spending to restore lost jobs and boost economic growth, a program first laid out in a fiscal update last year.

The Liberal government needs some opposition support to pass the budget and avoid a snap election, though so far most lawmakers have backed emergency relief spending. Business groups have told MNI the money will come too late to benefit the rebound and appears too focused on social programs.

MNI Ottawa Bureau | +1 613-314-9647 | greg.quinn@marketnews.com
MNI Ottawa Bureau | +1 613-314-9647 | greg.quinn@marketnews.com

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.