Close X
Tuesday, January 14, 2025
ADVT 
National

Keep running deficits until economy stabilizes? Trudeau dodges question

Darpan News Desk The Canadian Press, 21 Jan, 2015 10:55 AM

    LONDON, Ont. — Justin Trudeau refuses to say if he thinks the federal government should abandon its commitment to a balanced budget given the economic turmoil caused by plunging oil prices.

    The Liberal leader says the Bank of Canada's surprise interest rate cut is further proof that Prime Minister Stephen Harper's government is on the wrong economic track.

    He says the government's priority should be on spurring economic growth and creating jobs — not delivering a $2.4-billion tax cut to the country's wealthiest families.

    Some economists say the Conservative government should be investing in things like infrastructure to encourage growth and give up its fixation on balancing the 2015-16 budget after six years of deficits.

    But Trudeau isn't going that far.

    He dodges the question when asked if it makes more economic sense to continue running a small deficit until the economy stabilizes.

    MORE National ARTICLES

    Surrey Teen's Killing: Turn To Police With Info, Not Social Media - RCMP

    Surrey Teen's Killing: Turn To Police With Info, Not Social Media - RCMP
    SURREY, B.C. — Homicide investigators in Surrey, B.C., want people with information about the weekend killing of a teenager to turn to police, not social media.

    Surrey Teen's Killing: Turn To Police With Info, Not Social Media - RCMP

    American Man Ordered Extradited From B.C. Over Alleged $11M Investment Fraud

    American Man Ordered Extradited From B.C. Over Alleged $11M Investment Fraud
    VANCOUVER — An American man who was indicted as part of an alleged investment fraud worth $11 million has been ordered extradited from B.C.

    American Man Ordered Extradited From B.C. Over Alleged $11M Investment Fraud

    B.C. expected to make Site C announcement Tuesday in Victoria

    B.C. expected to make Site C announcement Tuesday in Victoria
    VICTORIA — The British Columbia government is poised to make a major announcement on the controversial Site C hydroelectric dam project.

    B.C. expected to make Site C announcement Tuesday in Victoria

    Apache Sells Stake In 2 Lng Projects For $2.75B As New Player Backs Project

    Apache Sells Stake In 2 Lng Projects For $2.75B As New Player Backs Project
    VICTORIA — A multibillion-dollar deal signed Monday between Australian and American oil and gas companies has brought a new backer to a proposed liquefied natural gas project on British Columbia's northwest coast at Kitimat.

    Apache Sells Stake In 2 Lng Projects For $2.75B As New Player Backs Project

    Court Upholds Injunction That Allows Medical Marijuana Patients To Grow At Home

    Court Upholds Injunction That Allows Medical Marijuana Patients To Grow At Home
    VANCOUVER — The federal government has lost its latest attempt to prevent medical marijuana patients from growing pot at home.

    Court Upholds Injunction That Allows Medical Marijuana Patients To Grow At Home

    Canada mourns with Australia over hostage incident in Sydney, says Harper

    Canada mourns with Australia over hostage incident in Sydney, says Harper
    OTTAWA — Prime Minister Stephen Harper has sent Canada's condolences to Australia after the deadly hostage-taking in Sydney.

    Canada mourns with Australia over hostage incident in Sydney, says Harper