Dr. Sherry Cooper is the Chief Economist for Dominion Lending Centres and provided an update!
To read the full article, please click here.
Summary:
- Federal deficit approaching $400 billion, there are growing calls to temper new spending.
- Actual measures in the Throne Speech:
- Fight the pandemic and save lives
- Supporting Canadians Through this Crisis
- Build back better to create a more resilient Canada
- Stand up for who we are as Canadians–welcoming and fights discrimination
- This is an ambitious agenda. Many of these proposals are sweeping commitments. Spending details will come later, likely in a fiscal update in November or December.
- The speech did not extend the CERB, which the NDP said was a condition of support. Also, the NDP asked for paid sick leave, which was not mentioned.
- Conservatives’ initial response was that they could not support this proposal.