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“I am a Canadian, free to speak without fear, free to worship in my own way, free to stand for what I think right, free to oppose what I believe wrong, or free to choose those who shall govern my country. This heritage of freedom I pledge to uphold for myself and all mankind.” ~~ John G. Diefenbaker

Mike Colledge and Gregory Jack: Why Carney can get away with big deficits ... for now, anyway (The Line)


Prime Minister Mark Carney will soon table his first budget, and by all accounts, embark on a massive program of spending at the same time that he tries to constrain growth in government and expand Canada’s trade markets beyond the United States. It will be hard, but not impossible, for him to maintain public support while he does so … at least for a while.

We saw the outlines of some of what Carney intends to do announced last week: a $5-billion fund for industries hit by tariffs, more money for the Business Development Bank of Canada, more support for jobs retraining and the agricultural sector. Combined with previously announced boosts to military and defence spending, we are talking many billions, probably tens of billions, in new spending. Throw in Canada’s stagnant growth and all signs point to record deficits continuing as Carney contends with multiple priorities ...

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