Canada Economics

Canada Economics Weekly

22 March, 2019

Morneau gambles on the housing market

In his 2019 budget Finance Minister Bill Morneau revealed extra spending amounting to a modest 0.2% of GDP, which will not materially change the outlook. By introducing a policy to help first-time homebuyers that won’t actually come into effect for another six months, Morneau may well have shot himself in the foot ahead of October’s election.

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