Carney defies calls for a spring budget

“It would be helpful for markets to have a clear sense of which aspects of the (Liberal) party platform will be implemented and what the ultimate impact will be on deficits, debt and the taxpayer”


By failing to produce a spring budget, Prime Minister Mark Carney is defying the will of the House of Commons and raising concerns in financial markets about the government’s lack of financial transparency that could raise Canada’s borrowing costs.

This comes on the heels of a report by the Organisation for Economic Co-operation and Development released Tuesday that says Canada will be one of the developed world’s hardest hit economies this year and next. ---More...

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