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Prime Minister Justin Trudeau is about to make a pitch for tens of billions of dollars in new spending after racking up one of the developed world’s largest deficits. There’s one problem: Canada’s economy doesn’t need it.
Not only are Canadians sitting on hundreds of billions in unspent cash — partly because Trudeau’s virus relief programs were among the most generous anywhere — but Joe Biden’s US$1.9-trillion stimulus package is adding to a wave of unprecedented U.S. spending that’s spilling over the border, juicing growth in Canada and Mexico too.
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