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Canada’s Bold Spending Plan Under Fire | Edmonton News

Canada’s Bold Spending Plan Under Fire | Edmonton News

Published 1 month, 3 weeks ago
Description

Canada’s government is pushing ahead with big spending, betting on economic growth to cover the rising deficit — but economists are raising alarms. Finance Minister François-Philippe Champagne defends the plan, citing Canada’s strong G7 fiscal position and key investments like removing trade barriers and boosting defense. Yet, critics question whether these long-term bets will deliver quick results or add to unsustainable debt, especially with $1.27 trillion already owed and $80 billion more on the horizon for submarines. As the government leans into spending over austerity, Canadians can weigh in during the pre-budget consultation until September 8.

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