Canada’s Liberal government tries to boost the economy
But Chrystia Freeland’s budget lacks ambition
OVER THE next four decades Canada’s growth per person is expected to be the lowest in the OECD, a club mostly of rich countries. On April 7th Chrystia Freeland, the finance minister, sought to correct that. In presenting the federal budget for the 2022-23 fiscal year, which began on April 1st, she vowed to tackle the “insidious” problem of low productivity growth. She coupled that with a promise to reduce debt, which soared during the pandemic, as a share of GDP.
This article appeared in the The Americas section of the print edition under the headline “Going for growth”
From the April 16th 2022 edition
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