Trudeau Ramps Up Spending in Race to Keep Up With US Subsidies

From bnnbloomberg.ca

Prime Minister Justin Trudeau’s government is pumping billions of dollars into clean energy subsidies and health care, despite a gloomy forecast of slow economic growth and weaker tax revenue. The federal budget released Tuesday aims to jump-start an energy transition that will, over time, generate new growth and help offset the steep cost of the subsidies. But Finance Minister Chrystia Freeland is also proposing to run larger deficits at a time many economists are still concerned about high inflation and the prospect of a recession. The budget adds C$43 billion ($31.6 billion) in net new costs over six years, even ... (full story)