Close X
Saturday, December 28, 2024
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

    B.C. to hunt wolves by helicopter in order to save endangered caribou herds

    B.C. to hunt wolves by helicopter in order to save endangered caribou herds
    VANCOUVER — The British Columbia government plans to hunt as many as 184 wolves in an attempt to save five dwindling caribou herds.

    B.C. to hunt wolves by helicopter in order to save endangered caribou herds

    Three Canuck filmmakers cheering Oscar nods for animated films

    Three Canuck filmmakers cheering Oscar nods for animated films
    TORONTO — Three Canadians who helmed animated films were celebrating Oscar nominations Thursday.

    Three Canuck filmmakers cheering Oscar nods for animated films

    Target generated buzz with fashion but felled by pricing, niche focus: experts

    Target generated buzz with fashion but felled by pricing, niche focus: experts
    TORONTO — Target generated big buzz north of the border with a Jason Wu pop-up shop, splashy presentations at Toronto's World MasterCard Fashion Week and collaborations with homegrown brands such as Roots and Beaver Canoe.

    Target generated buzz with fashion but felled by pricing, niche focus: experts

    Target's failure as a lesson for other U.S. retailers eyeing Canada, experts say

    Target's failure as a lesson for other U.S. retailers eyeing Canada, experts say
    TORONTO — U.S. retailers planning to cross the border can learn some valuable lessons from the failure of Target, which announced Thursday it is shutting down its 133 Canadian stores just two years after its much-anticipated launch.

    Target's failure as a lesson for other U.S. retailers eyeing Canada, experts say

    Feds spend $50,000 for flag's 50th birthday celebration next month

    Feds spend $50,000 for flag's 50th birthday celebration next month
    OTTAWA — The federal government has allotted $50,000 for celebrations for the upcoming 50th birthday of the iconic Maple Leaf flag.

    Feds spend $50,000 for flag's 50th birthday celebration next month

    Supreme Court won't hear case involving man's stolen marijuana plants

    Supreme Court won't hear case involving man's stolen marijuana plants
    OTTAWA — The Supreme Court of Canada will not hear the case of an Ontario man who sued his insurance company over stolen marijuana plants.

    Supreme Court won't hear case involving man's stolen marijuana plants