The key to any stimulus plan that the Liberals adopt is to realize two objectives at the same time — immediacy and economic sustainability.
The previous Conservative government ran repeated deficits though it liked to pretend it didn’t, and the federal Liberals now inherit not only that fiscal reality but also an economy in recession, and something must be done. The relative price of the Canadian dollar does nothing to assuage one’s worry. Notwithstanding the overheated residential real estate market in Toronto and Vancouver, the economy is stalled.
