IMF Chief Says Canada Has Fiscal Room to Boost Capital Spending

The head of the International Monetary Fund says Canada has the fiscal room to make productivity-boosting investments, and praised the federal government’s proposed changes to budget timing.

“Both Germany and Canada recognize that in this very testing time, they need to use their fiscal space,” Managing Director Kristalina Georgieva said at a news conference during the IMF’s meetings in Washington, DC, on Thursday.