A local financial advisor says the Trudeau government’s economic statement this week should be of concern to Canadians.
Nicole Slongo says for one, the finance minister indicates the projected deficit will be three times what they first anticipated during the election campaign.
She adds there’s also a concern the government has “blown through” the $6 billion dollar emergency fund they’ve set aside. She also notes the newly announced infrastructure bank is a concern to critics. While it’s designed to encourage private and public partnerships on big projects, it could end up costing us in user fees like tolls on new highways.
Overall, Slongo doesn’t believe the government will be able to get away with spending itself out of debt and taxes will have to go up to pay for what’s been announced. (Photo: Investors Group)
