Economics
Trudeau Drops Campaign Promises and Goes All In With Deficits
- Liberals cut loose all three fiscal anchors ahead of budget
- Pollster sees bid to 'front load as much bad news as possible'
Canada's Trudeau Drops Deficit Pledge
This article is for subscribers only.
In for a penny, in for a pound.
With falling oil prices eroding Canada’s revenue base, newly elected Prime Minister Justin Trudeau is fully embracing deficits, with his finance minister hinting Monday the country will run a deficit of about C$30 billion ($22 billion) in the fiscal year that starts April 1.