Sunday, December 28, 2025
ADVT 
National

Keep running deficits until economy stabilizes? Trudeau dodges question

Darpan News Desk The Canadian Press, 21 Jan, 2015 10:55 AM

    LONDON, Ont. — Justin Trudeau refuses to say if he thinks the federal government should abandon its commitment to a balanced budget given the economic turmoil caused by plunging oil prices.

    The Liberal leader says the Bank of Canada's surprise interest rate cut is further proof that Prime Minister Stephen Harper's government is on the wrong economic track.

    He says the government's priority should be on spurring economic growth and creating jobs — not delivering a $2.4-billion tax cut to the country's wealthiest families.

    Some economists say the Conservative government should be investing in things like infrastructure to encourage growth and give up its fixation on balancing the 2015-16 budget after six years of deficits.

    But Trudeau isn't going that far.

    He dodges the question when asked if it makes more economic sense to continue running a small deficit until the economy stabilizes.

    MORE National ARTICLES

    Premiers Wynne, Prentice agree to meet to discuss Energy East pipeline project

    Premiers Wynne, Prentice agree to meet to discuss Energy East pipeline project
    TORONTO — Concerns raised by Central Canada over the proposed Energy East pipeline project should not deteriorate into provincial infighting, Ontario Premier Kathleen Wynne said Thursday after a telephone chat with Alberta Premier Jim Prentice.

    Premiers Wynne, Prentice agree to meet to discuss Energy East pipeline project

    Over half of Canadians surveyed in poll love the Grey Cup but fewer will watch

    Over half of Canadians surveyed in poll love the Grey Cup but fewer will watch
    More than half the Canadians who took part in a recent online survey agreed the Grey Cup is an important national symbol but less than half that number plan on watching the big game and younger Canadians are even less inclined.

    Over half of Canadians surveyed in poll love the Grey Cup but fewer will watch

    Man finally freed a decade after wrongful first-degree murder conviction

    Man finally freed a decade after wrongful first-degree murder conviction
    TORONTO — A man convicted of first-degree murder more than a decade ago was finally exonerated Friday after the Crown announced it would not prosecute him again.

    Man finally freed a decade after wrongful first-degree murder conviction

    Toronto's international airport has enhanced winter operations plan

    Toronto's international airport has enhanced winter operations plan
    TORONTO — Canada's busiest airport has adopted an "enhanced" winter operations plan to better meet the needs of its passengers.  

    Toronto's international airport has enhanced winter operations plan

    Canada's economy grows at 2.8 per cent annual pace in third quarter

    Canada's economy grows at 2.8 per cent annual pace in third quarter
    OTTAWA — The Canadian economy grew at a faster than expected pace in the third quarter, but economists cautioned Friday about the impact of lower oil prices on growth in the coming months.

    Canada's economy grows at 2.8 per cent annual pace in third quarter

    Businesses beyond the oilpatch taking crude price slump in stride

    Businesses beyond the oilpatch taking crude price slump in stride
    CALGARY — For International Motor Cars, a luxury dealership in Calgary, the oilpatch is big business.

    Businesses beyond the oilpatch taking crude price slump in stride