Interest rate hikes in the second half of 2022 will dampen the effect of Canada's planned stimulus spending, leading to lower-than-forecast economic growth in the medium term, the country's budgetary watchdog said on Thursday.
Budget watchdog says rate hikes will dampen impact of Canada s stimulus plan reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.
Parliament s spending watchdog drawn into gun-ban fallout ipolitics.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ipolitics.ca Daily Mail and Mail on Sunday newspapers.
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Independent, non-partisan Parliamentary Budget Officer Yves Giroux dismantled Finance Minister Chrystia Freeland’s first budget on Wednesday with the skill of a math professor marking a student’s Grade 8 arithmetic exam claiming that two plus two equals five.
He said the document she unveiled April 19 overestimated how much it will help Canada’s economy recover from the COVID-19 recession, overstated the amount being spent on stimulus and underestimated the deficits and debt it will generate for years to come.
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