Close X
Thursday, January 16, 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

    Vancouver-born actress-dancer Stephanie Moseley found dead in Los Angeles

    Vancouver-born actress-dancer Stephanie Moseley found dead in Los Angeles
    TORONTO — A Canadian star of the VH1 drama series "Hit the Floor" about NBA cheerleaders has died in what Los Angeles police say was an apparent murder-suicide.

    Vancouver-born actress-dancer Stephanie Moseley found dead in Los Angeles

    Windy Weather Cancelled Over Two Dozen Morning Sailings: BC Ferries

    Windy Weather Cancelled Over Two Dozen Morning Sailings: BC Ferries
    VICTORIA — BC Ferries says it has cancelled more than two dozen sailings on seven different routes because of adverse weather.

    Windy Weather Cancelled Over Two Dozen Morning Sailings: BC Ferries

    Competition bureau to get new powers to probe Canada-US price gap: Moore

    Competition bureau to get new powers to probe Canada-US price gap: Moore
    TORONTO — Canada's competition bureau is getting new powers to investigate why many items cost less in the United States.

    Competition bureau to get new powers to probe Canada-US price gap: Moore

    YouTube stars like Lilly Singh and Megan MacKay a new breed of celebrity

    YouTube stars like Lilly Singh and Megan MacKay a new breed of celebrity
    TORONTO — When Lilly Singh arrived on the set of the Kunal Nayyar movie "Dr. Cabbie" earlier this year, she faced a bit of a learning curve.  

    YouTube stars like Lilly Singh and Megan MacKay a new breed of celebrity

    Tim Hortons shareholders vote in favour of takeover by Burger King

    Tim Hortons shareholders vote in favour of takeover by Burger King
    TORONTO — Tim Hortons Inc. (TSX:THI) is ready to pursue its global expansion, chief executive Marc Caira said Tuesday as shareholders voted to approve a takeover of the company by Burger King.

    Tim Hortons shareholders vote in favour of takeover by Burger King

    Is 2015 the year the Bank of Canada finally raises its key interest rates?

    Is 2015 the year the Bank of Canada finally raises its key interest rates?
    OTTAWA — After 18 months on the job, Bank of Canada governor Stephen Poloz has yet to wield the primary tool at his disposal: the key interest rate.

    Is 2015 the year the Bank of Canada finally raises its key interest rates?