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

    Toronto G20 police officer appeals conviction of assault with a weapon

    Toronto G20 police officer appeals conviction of assault with a weapon
    TORONTO — A Toronto police officer who was found guilty of assaulting a protester during the G20 summit four years ago is appealing his conviction.

    Toronto G20 police officer appeals conviction of assault with a weapon

    Today on the Hill: A cloud of renewed security threats

    Today on the Hill: A cloud of renewed security threats
    OTTAWA — As parliamentarians begin their final week of the fall sitting of the House of Commons, they do so under the cloud of renewed security threats.

    Today on the Hill: A cloud of renewed security threats

    Energy stocks punished on Toronto market as oil prices continue to plunge

    Energy stocks punished on Toronto market as oil prices continue to plunge
    CALGARY — Energy stocks were down nearly six per cent on the Toronto Stock Exchange as oil prices continued to plunge following last week's five per cent slide.

    Energy stocks punished on Toronto market as oil prices continue to plunge

    Ottawa investing $300M in Pratt and Whitney to help jet engine development

    Ottawa investing $300M in Pratt and Whitney to help jet engine development
    MISSISSAUGA, Ont. — Ottawa has announced a $300-million investment in Pratt and Whitney Canada to help the company develop and build the next generation of jet engines.

    Ottawa investing $300M in Pratt and Whitney to help jet engine development

    Pace of housing starts picks up in November, growth from multple-unit projects

    Pace of housing starts picks up in November, growth from multple-unit projects
    OTTAWA — The pace of housing construction starts increased in November, mostly because of multiple-unit projects in urban areas.

    Pace of housing starts picks up in November, growth from multple-unit projects

    Canadian soldiers to train Ukrainian military police: Nicholson

    Canadian soldiers to train Ukrainian military police: Nicholson
    KYIV, Ukraine — Canadian soldiers are arriving in Ukraine to help train military police, Defence Minister Rob Nicholson says.

    Canadian soldiers to train Ukrainian military police: Nicholson