"Even Bay Street executives are saying that fiscal stimulus is needed! (Bay Street refers to Toronto’s financial district. It is Canada’s equivalent to Wall Street.) Now that is significant. In the USA, Wall Street loves austerity, because it widens the gap between the rich and the rest, and because austerity reduces the peasants to being debt slaves of Wall Street.
“We support the Trudeau government’s commitment to make sizeable investments in infrastructure,” says Brian Porter, president and CEO of Scotiabank."
Justin Trudeau gets a clue
I ignored the Canadian campaign of Justin Trudeau last summer, especially after Trudeau vowed that if he became Prime Minister, the Canadian government would have a balanced budget by the end of his first term. Trudeau was as pro-austerity as were the conservatives he ran against. Same old garbage.
However Trudeau changed after he became Prime Minister (4 Nov 2015). He and his Finance Minister (Bill Morneau) now admit that the Canadian government needs to have a deficit after all.
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