Close X
Saturday, January 25, 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

    Edmonton police say man suspected of killing eight had lengthy criminal record

    Edmonton police say man suspected of killing eight had lengthy criminal record
    EDMONTON — An Edmonton man suspected of killing six adults and two young children before taking his own life was well-known to police and had a lengthy criminal record.

    Edmonton police say man suspected of killing eight had lengthy criminal record

    Twitter looks to sports, election to spur tweeting in Canada in 2015

    Twitter looks to sports, election to spur tweeting in Canada in 2015
    TORONTO — Twitter is counting on a couple of international sporting events and a federal election to help spur tweeting in Canada in 2015.

    Twitter looks to sports, election to spur tweeting in Canada in 2015

    Former Tim Hortons CEO Marc Caira named Canada's Business Newsmaker of the Year

    Former Tim Hortons CEO Marc Caira named Canada's Business Newsmaker of the Year
    TORONTO — Debate over the marriage of doughnuts and burgers unfolded in Canadian coffee shops and the corridors of power in Washington, as seemingly everyone had something to say about the pairing of Tim Hortons and Burger King in 2014.

    Former Tim Hortons CEO Marc Caira named Canada's Business Newsmaker of the Year

    An estimated 176 people turned away from Canada after Ebola-related travel ban

    An estimated 176 people turned away from Canada after Ebola-related travel ban
    OTTAWA — Newly-released figures show an estimated 176 people were turned away from Canada after the imposition of a partial travel ban from Ebola-affected countries in West Africa.

    An estimated 176 people turned away from Canada after Ebola-related travel ban

    Bloc Quebecois vice-president Annie Lessard resigns:MP

    Bloc Quebecois vice-president Annie Lessard resigns:MP
    MONTREAL — The vice-president of the Bloc Quebecois has resigned because of a personality conflict with Leader Mario Beaulieu, one of the party's two remaining MPs said Wednesday.

    Bloc Quebecois vice-president Annie Lessard resigns:MP

    UN rejects Palestinian-backed resolution to end Israel's occupation within 3 years

    UN rejects Palestinian-backed resolution to end Israel's occupation within 3 years
    The U.N. Security Council rejected a Palestinian resolution demanding an end to Israeli occupation within three years late Tuesday, a blow to efforts to get the U.N.'s most powerful body to take action to recognize an independent state of Palestine.

    UN rejects Palestinian-backed resolution to end Israel's occupation within 3 years