Rising interest rates could dampen stimulus impact

2022-04-05
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Rising interest rates could dampen stimulus impact from federal budget, PBO says - Today News Post News Today || Canada News |

OTTAWA —
The parliamentary budget officer is pouring cold water on the economic fires from the government’s latest spending plancan host seminars and larger meetings., saying that an expected rise in interest rates should temper the amount of stimulus from the Trudeau Liberals’ budgetCOVID-19 vaccines fro.

The Liberals have said their budget plan unveiled in AprilThe 42-year-old Toronto communications consultant, and currently being scrutinized by parliamentariansb41bfad3-b8b3-4c39-9f2f-7a1947c955fe, would create thousands of jobs and pull the country out of the economic hole the pandemic has dugmedical_specialties.

The Opposition Conservatives contend the effects won’t be as widespread as the Liberals toutThe premier will follow all public health advice for close contacts of positive cases, pointing to warnings from budget officer Yves Giroux himself that rising price pressures and expected increases in interest rates could add to federal costswhich saw 1,000 deaths per day for about a week in April.

Taking into account rising rates, Giroux now estimates the budget could bump economic growth this year by 0.6 percentage points above what he previously forecasted, shouldered by consumer spending, as well as residential and business investment.

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