Prime minister banks on debt to boost Canada's economy

Sluggish homebuilding will have far-reaching effects on Canada’s economy

From the Fraser Institute By Jock Finlayson At a time when Canadians are grappling with epic housing supply and affordability challenges, the data show that homebuilding continues to come up short in some parts of the country including in several metro regions where most newcomers to Canada settle. In both the Greater Toronto area and Metro Vancouver, housing starts have languished below levels needed to close the supply gaps that have opened up…

Prime minister banks on debt to boost Canada's economy

Prime Minister Mark Carney’s first budget is as advertised — huge deficits to fund big investments in capital spending on new infrastructure — financed in part by cutting the government’s day-to-day operating expenses.

New projects will build up Canada’s clean economy, but LNG exposure invites unnecessary risk

TORONTO — Rachel Doran, executive director of Clean Energy Canada, made the following statement in response to the federal government’s second tranche of nation-building projects: “The clean economy is growing globally, and Canada needs to be ready to power, produce, and export goods with the greatest value to our future prosperity. That means we must also focus our limited time and resources on industries and projects that are poised to compete…

Bank of Canada mulled delaying cut until after Carney’s budget

Bank of Canada officials discussed delaying a rate cut until they had more details about Prime Minister Mark Carney’s budget and U.S. trade policy.