Close X
Wednesday, January 15, 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

    Guitar Signed By Mccartney, Clapton, Beck Stolen From West Vancouver Store

    Guitar Signed By Mccartney, Clapton, Beck Stolen From West Vancouver Store
    VANCOUVER — A guitar graced with the signatures of music legends including Paul McCartney, Eric Clapton and Jeff Beck has been reported stolen from a store in West Vancouver.

    Guitar Signed By Mccartney, Clapton, Beck Stolen From West Vancouver Store

    Darwin a poster monkey for sanctuary's fundraising campaign

    Darwin a poster monkey for sanctuary's fundraising campaign
    SUNDERLAND, Ont. — The Ikea monkey has shed his shearling coat and may soon be moving to a new home.

    Darwin a poster monkey for sanctuary's fundraising campaign

    Dispute over fishery deal not resolved after premier meets with PM

    Dispute over fishery deal not resolved after premier meets with PM
    OTTAWA — Newfoundland and Labrador's premier is still at odds with the prime minister over a fishery fund to compensate for Canada's free trade deal with Europe.

    Dispute over fishery deal not resolved after premier meets with PM

    Six-term New Democrat MP Libby Davies says she won't run again in 2015 election

    Six-term New Democrat MP Libby Davies says she won't run again in 2015 election
    VANCOUVER — Federal New Democrat Libby Davies says being elected to her Vancouver riding six times is enough and that she won't be running in next year's election.

    Six-term New Democrat MP Libby Davies says she won't run again in 2015 election

    Key recommendations from the Ashley Smith jury and CSC responses

    Key recommendations from the Ashley Smith jury and CSC responses
    TORONTO — Some key recommendations from the Ashley Smith jury and responses from Correctional Service of Canada:

    Key recommendations from the Ashley Smith jury and CSC responses

    Lawyer for journalist imprisoned in Cairo call on Canada to secure his release

    Lawyer for journalist imprisoned in Cairo call on Canada to secure his release
    TORONTO — Lawyers for an Egyptian-Canadian journalist imprisoned in Cairo have written to Prime Minister Stephen Harper, imploring him to take action that would help secure the man's release.

    Lawyer for journalist imprisoned in Cairo call on Canada to secure his release