Primary Country (Mandatory)

United States

Other Country (Optional)

Set News Language for United States

Primary Language (Mandatory)
English
Other Language[s] (Optional)
No other language available

Set News Language for World

Primary Language (Mandatory)
English
Other Language(s) (Optional)

Set News Source for United States

Primary Source (Mandatory)
CNN
Other Source[s] (Optional)

Set News Source for World

Primary Source (Mandatory)
AajTak
Other Source(s) (Optional)
  • Countries
    • India
    • United States
    • Qatar
    • Germany
    • China
    • Canada
    • World
  • Categories
    • National
    • International
    • Business
    • Entertainment
    • Sports
    • Special
    • All Categories
  • Available Languages for United States
    • English
  • All Languages
    • English
    • Hindi
    • Arabic
    • German
    • Chinese
    • French
  • Sources
    • India
      • AajTak
      • NDTV India
      • The Hindu
      • India Today
      • Zee News
      • NDTV
      • BBC
      • The Wire
      • News18
      • News 24
      • The Quint
      • ABP News
      • Zee News
      • News 24
    • United States
      • CNN
      • Fox News
      • Al Jazeera
      • CBSN
      • NY Post
      • Voice of America
      • The New York Times
      • HuffPost
      • ABC News
      • Newsy
    • Qatar
      • Al Jazeera
      • Al Arab
      • The Peninsula
      • Gulf Times
      • Al Sharq
      • Qatar Tribune
      • Al Raya
      • Lusail
    • Germany
      • DW
      • ZDF
      • ProSieben
      • RTL
      • n-tv
      • Die Welt
      • Süddeutsche Zeitung
      • Frankfurter Rundschau
    • China
      • China Daily
      • BBC
      • The New York Times
      • Voice of America
      • Beijing Daily
      • The Epoch Times
      • Ta Kung Pao
      • Xinmin Evening News
    • Canada
      • CBC
      • Radio-Canada
      • CTV
      • TVA Nouvelles
      • Le Journal de Montréal
      • Global News
      • BNN Bloomberg
      • Métro
STGAubron Gaming Desktop PC Buy Now
Tie Dye Seamless Leggings Buy Now
OPOVE M3 Pro 2 Massage Gun Buy Now
Columbia Steens Mountain 2.0 Full Zip Buy Now
Essentials Womens Fleece Short Buy Now
Skechers Gowalk Arch Fit Idyllic Buy Now
Knitted Turtleneck Buy Now
Essentials Men's Slim Jeans Buy Now
OQQ Women's 2 Piece Skirts Buy Now
Phoenix Bracelet Buy Now
Summer Tops Double Lace Sleeve Shirts for Women Buy Now
Kenneth Cole Reaction Chelsea Tote Buy Now
Cross Pendant Necklace Buy Now
Men's Wool Tweed Herringbone Trousers Buy Now
Rihero Women's Leather Sandals Buy Now
Men's Knit Cardigan Buy Now
5pc Turtleneck Long Sleeve Tees Buy Now
KODAK PIXPRO AZ405 Digital Camera (20MP, 40X Zoom) Buy Now
Motorola Moto G Stylus 5G Buy Now
Fire TV 50 inch 4K Smart TV with Alexa Buy Now
STGAubron Gaming Desktop PC Buy Now
Tie Dye Seamless Leggings Buy Now
OPOVE M3 Pro 2 Massage Gun Buy Now
Columbia Steens Mountain 2.0 Full Zip Buy Now
Essentials Womens Fleece Short Buy Now
Skechers Gowalk Arch Fit Idyllic Buy Now
Knitted Turtleneck Buy Now
Essentials Men's Slim Jeans Buy Now
OQQ Women's 2 Piece Skirts Buy Now
Phoenix Bracelet Buy Now
MoreBack to News Headlines
PBO report questions Liberals’ case to spend billions in planned stimulus

PBO report questions Liberals’ case to spend billions in planned stimulus

Global News
Thursday, January 20, 2022 12:33 AM GMT

The Liberals had promised up to $100 billion in economic stimulus, subject to a series of spending guardrails.

Prime Minister Justin Trudeau is giving no indications of plans to rein in government spending after a critical report by the parliamentary budget officer questioned the Liberals’ case to spend tens of billions in planned stimulus.

The Liberals had promised up to $100 billion in economic stimulus, subject to a series of spending guardrails to determine whether the economy had recovered enough from the COVID-19 pandemic.

Budget officer Yves Giroux’s report released Wednesday morning said those benchmarks, largely tied to the labour market, appear to have been met. He said that suggests any stimulus should be wound down before the fiscal year ends in March.

Giroux added that the rationale for the planned stimulus of up to $100 billion no longer exists, unless the government has changed the policy yardsticks.

Speaking at a late-morning news conference, Trudeau pivoted away from questions about the spending guardrails, and pointed instead to the Liberals’ plan to keep the debt as a percentage of the economy, known as the debt-to-GDP ratio, on a steady decline.

“We’re going to continue to make sure that we are keeping Canada’s balanced books healthy, while at the same time being there to support Canadians,” Trudeau said.

“Because, indeed, supporting Canadians through this crisis, supporting workers, supporting seniors, supporting small businesses, leads to better economic growth and performance once we’re through this pandemic.”

The labour market ended 2021 having surged past pre-pandemic levels, while other economic indicators suggest the economy may be hitting capacity. Too much stimulus could add strains by juicing consumer spending for in-demand goods, many of which are in short supply because of global supply-chain problems.

Read full story on Global News
Share this story on:-
Run 3 Space | Play Space Running GamePlay Run 3, the ultimate space tunnel running game with 300+ challenging levels!Adv.
Traffic Jam 3D | Online Racing GameTraffic Jam 3D is a game where you’ll be driving through heavy traffic.Adv.
Duck Hunt | Play Old Classic GamePlay the classic 1984 light gun shooter game Duck Hunt on your browser.Adv.
More Related News
Parking Slot | Free Parking GamePlay Parking Slot, the best online 3D car driving and parking game.Adv.
Slope Ball Run - Play OnlineSlope Game takes you on an exciting journey of a ball on special paths.Adv.
Will Bank of Canada cut rates next week? How new data factors into the call

Most business owners are feeling less pessimistic about a potential recession than earlier this year, but still say they're feeling 'subdued.'

U.S. House passes cryptocurrency bill, sends to Trump’s desk

The United States is moving closer towards the easing of regulations in cryptocurrency industry with one of several bills passed by the House moving next to Trump's desk.

Wall Street rides roller-coaster after Trump walks back talk of firing Powell

Stock markets in North America, especially in the U.S., are riding a roller-coaster Wednesday as President Trump floats the idea of firing Federal Reserve Chair Jerome Powell.

How Canada’s oil sands transformed into one of North America’s lowest-cost energy producers

As world oil prices continue their wild ride, energy experts say technology and cost-cutting have made Canadian oil sands amongst the lowest cost producers of oil in North America.

Porter Airlines cabin crew files application to certify union: CUPE

The Canadian Union of Public Employees says cabin crew at Porter Airlines have filed a union certification application with the Canada Industrial Relations Board.

Bitcoin sets new record as crypto markets expect Trump to ease regulations

Some cryptocurrencies, including bitcoin hit record highs on Monday ahead of a debate in Washington over regulatory frameworks for digital assets in the United States.

Alberta, Ottawa putting $203M to building over 2,300 new affordable housing units

The province said the funding will go to 25 projects and see more than 2,300 units built, ranging from student housing in Edmonton to units in Calgary for the homeless.

U.S. investors scooping up homes faster than would-be buyers, data shows

New data shows how investor purchases of U.S. homes are rapidly rising as affordability issues prevent many would-be buyers from getting into the real estate market.

Crypto industry wants Canada to embrace stablecoins, but concerns remain

A key focus in the push is to bring more legitimacy to stablecoins, a type of crypto designed to keep a steady value by pegging it to a currency.

© 2008 - 2025 Webjosh  |  News Archive  |  Privacy Policy  |  Contact Us