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Recap Of Latest Budget News

CANADA
  • Trudeau said yesterday that today’s budget (1600ET) should keep the fiscal anchor of projecting a lower debt path, something that both Scotia and TD expect - see https://marketnews.com/mni-canada-budget-preview-spending-pledges-watched
  • It looks set for a ban on most foreigners from buying homes for two years and a tax-free savings account of up to C$40k for deposits for those under 40, 2021 Liberal campaign pledges.
  • CTV News also reports that the increase in defence spending could be approx C$8B over more than one year, less than what analysts had penciled as it falls short of the 2% GDP NATO spending target.

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