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Infrastructure, Tax Cuts and Legal Pot: Trudeau's Canada Plans

  • New prime minister seeks wide economic, foreign-policy changes
  • Liberal Party swept to power with majority in Monday vote
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Trudeau Wins in Canada, How Will Economy Be Impacted?

Justin Trudeau, who will become Canada’s 23rd prime minister after his Liberal Party routed Stephen Harper’s Conservatives on Monday night, comes to power promising sweeping changes to the economy, foreign relations, and social policies. Some of his key platform planks are summarized below:

Trudeau broke with Canada’s balanced-budget orthodoxy by pledging to run C$25 billion ($19 billion) in deficits over three years to take advantage of low interest rates. The borrowing will help underpin federal spending on public transportation over the next decade -- a response to worsening congestion in Toronto, Vancouver and other cities. The Liberals say they’ll return Canada to balanced budgets from 2019.