Friday, November 4, 2022

FREELAND'S FAIRY TALES

   Freeland said the government would not make the Bank of Canada’s fight against inflation harder by boosting spending. Yet the update reveals the government will spend nearly half of its net $30-billion windfall, showing all the restraint of a “Supermarket Sweep” contestant loading up his trolley.
   On the investment front, officials said that while the United States is seeing business investment that’s three per cent above pre-pandemic levels, Canada is still nearly two per cent below 2020 levels.
  It certainly feels like the government has pivoted — it has doubled the national debt in seven years but is now projecting a budget surplus; it has ignored competitiveness and business investment for most of its time in office but now acknowledges it as “Canada’s economic Achilles heel.”

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