The government confirmed this week that it is committing a further $58bn to direct spending measures to support the economy, bringing the total direct stimulus to a striking 9.5% of GDP. The additional stimulus suggests governor Tiff Macklem will present a cautiously upbeat message following the Bank of Canada’s policy announcement next week.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services