What effect will the 2003 Federal Budget have on Canada’s economy? This synopsis by Signal49 Research indicates the Budget will have a mostly positive impact.
Document Highlights
Aggressive proposed increases in program spending of $15 billion over the next few years include roughly $6 billion of new spending financed from 2002-03 fiscal year monies.
There will be little change in Signal49 Research’s economic forecast, Canadian Outlook Winter 2003.
Budget measures will provide stimulus to an economy already closing the output gap, resulting in increased inflationary pressure and possible rising interest rates.
