Trudeau s stimulus push runs into trouble with economy heating up bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.
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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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We don t want to overdo this : Trudeau s stimulus push runs into trouble as economy heats up thewhig.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thewhig.com Daily Mail and Mail on Sunday newspapers.
However, he warned that the industry s capacity coming out of the pandemic may not match that demand, adding the best way government can help is by getting the virus under control as soon as possible. The more clarity businesses have as to how and when we ll have things under control, the easier it will be for them to plan for the future, said Perrault. Perrault predicted that recovery will be strongest in popular destinations like British Columbia and Alberta, while those in the Atlantic bubble should also see a drastic shift in demand. Members of the B.C. tourism sector said the next few months will be crucial for the survival of many businesses in the sector and they don t expect a full recovery before next year.
B C tourism industry may be challenged with pent-up demand - BC News castanet.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from castanet.net Daily Mail and Mail on Sunday newspapers.