5 days ago
Mint
Prime Minister Justin Trudeau’s finance minister is facing significant pressure to spend more on clean-energy subsidies and health care, even as a possible recession looms. She reiterated a promise not to stoke inflation that could force the Bank of Canada to raise interest rates even higher, but also acknowledged that spending requests are mounting. 2 at the Bank of Canada, and University of British Columbia economics professor Kevin Milligan. Speaking to reporters outside the meeting, Milligan said the government should exercise caution on spending while the central bank works to bring inflation down. But he added that increased health care spending would likely be rolled out over many years — and therefore wouldn’t hurt the short-term inflation outlook.
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