Ahead of Budget 2022, Liberals eye more spending as inflation fears grow
Green technologies and initiatives on housing will be focal points of the budget, said one senior source.Flipping homes for big profits is pricing some buyers out of the market
This could derail efforts to reduce Canada’s debt-to-GDP ratio, which skyrocketed during the pandemic amid extraordinary emergency spending and was last forecast to peak at 48 per cent this year. Rising interest rates – the Bank of Canada is widely expected to hike its policy rate by 50 basis points to one per cent at a decision on April 13 – will add to debt pressures. Canada’s federal debt was last forecast to top $1.19 trillion this year.
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