Trudeau Spends Budget Windfall on ‘Laundry List’ for Voters
- Canada deficit track little changed despite revenue windfall
- New spending measures for homebuyers, students and seniors
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Justin Trudeau got a windfall and spent it, delivering a pre-election budget that leaves Canada’s deficit track largely unchanged.
Finance Minister Bill Morneau unveiled his fourth fiscal plan Tuesday in Ottawa, announcing C$22.8 billion ($17.1 billion) over six years in new spending funded by a spike in revenue. In a year Trudeau had once promised to have balanced the budget, he’ll instead head into an October election with an annual deficit of nearly C$20 billion.