Trudeau's Message to World: Let Government Spending Do the Work
- Canadian prime minister warns against balanced-budget 'trap'
- Fiscal boost comes amid talk monetary policy has lost bite
Trudeau’s Message: Let Government Spending Do the Work
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Canadian Prime Minister Justin Trudeau is urging global leaders to rely more on government spending and less on monetary policy to spur growth as he prepares a budget that will push his country into deficit.
In a wide-ranging interview Wednesday in Vancouver, Trudeau highlighted the importance of infrastructure spending and measures to bolster incomes of middle classes he says are critical to driving growth. He also defended his plan to go willingly into the red.