Canada's Debt Plan Praised as Model by IMF May Be 'Overrated'

IMF's Lagarde wants Canada's growth strategy to go viral

Christine Lagarde

Photographer: Chris Goodney/Bloomberg

International Monetary Fund Managing Director Christine Lagarde has lauded Canada as a model for deficit spending to boost flagging economic growth. The problem is its lower-tier governments — from the commercial capital, Toronto, to far northern Nunavut — don't have much room to contribute to the stimulus.

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