Budget 2024

Tax and spend fiscal plan will inhibit growth

Robert Asselin examines the tension between fiscal and monetary policy, as he calls for the government to pivot to building a long-term growth strategy. He shares this perspective with Greg Quinn of Market News International in an article looking ahead to the 2021 economic and fiscal update and the upcoming renewal of the Bank of Canada’s inflation mandate.

“Our economy is already geared to consumption, real estate, things that aren’t necessarily productive. We need to shift to things that will make our economy more resilient over time, especially on energy transition, the supply side of it including labour, we’re going to need a lot of engineers.”