Opinion: Five fiscal approaches, writes ArmineYalnizyan, could lower costs, tackle long-term affordability and create more economic resilience.
At recent closed-door economic roundtables I attended with government and opposition parties, both federal and provincial, the conversation went something like this: Inflation is cooling. But it could go up again soon. Monetary policy is taming inflation. But other factors are at play. You can expect a Canadian recession this year. Or maybe not.
It’s such a turnaround from the early months of the pandemic, which revealed little light between economists of different persuasions on how to deal with the unknowable. There are so many countercurrents in the world economy, it’s not possible to be sure which forces will dominate the evolution of inflation.
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