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.
Article content
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.
We apologize, but this video has failed to load.
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.
China’s trade jumped in March, a sign that the global recovery from the Covid-19 pandemic is well on track as vaccine rollouts around the world pick up pace.
Article content
(Bloomberg) A flurry of U.S. economic reports this week may signal the underlying strength of growth and inflation pressures as the country’s thaw from the coronavirus crisis begins to spread.
One of the most-watched reports will be the consumer price index, with March data likely to show a heady acceleration from last year’s pandemic conditions. Economists may zero in on the monthly change to gauge momentum however, with a 0.5% gain forecast.
We apologize, but this video has failed to load.
Try refreshing your browser, or Watch U.S. Inflation for Hidden Price Momentum: Eco Week Ahead Back to video