Economics

Trudeau’s Plan Risks ‘Exhausting’ Fiscal Cushion, Watchdog Says

  • Budget office says spending reduces future flexibility
  • Former Bank of Canada governors criticize lack of growth plan
Chrystia Freeland arrives at an Ottawa conference before delivering her debut budget as finance minister on April 19.Photographer: David Kawai/Bloomberg
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Prime Minister Justin Trudeau’s fiscal road map could reduce Canada’s future spending capacity by leaving debt at elevated levels for decades, according to the nation’s budget watchdog.