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IMF says Canada must justify post-pandemic stimulus spending

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    IMF says Canada must justify post-pandemic stimulus spending

    https://ca.finance.yahoo.com/news/imf-says-canada-must-justify-180654843.html IMF says Canada must justify post-pandemic stimulus spending

    https://nationalpost.com/news/plunging-revenues-and-sky-high-deficits-could-turn-catastrophic-for-canadian-governments-report-warns Plunging revenues and sky-high deficits could turn catastrophic for Canadian governments, report warns
    'Governments in Canada will struggle over the near and longer terms to dig themselves out of this gigantic fiscal hole'


    Looks like the world is starting to realize we have maxed the credit card by now.

    IMF looking at us.

    Trudeau will have to give Canada a credit down grade to get re-elected.

    #2
    There's going to be a "post-pandemic"? Not if fancy-socks gets his way!

    Comment


      #3
      The pandemic has been used as a convenient excuse for governments to borrow to buy votes like never before.

      Oodles of cash for mass transit which has zip to do with fighting a pandemic.

      Comment


        #4
        And just yesterday bobblehead Freeland was saying the IMF was singing praise for Canada.

        Comment


          #5
          bobble? now that's too tame!

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            #6
            “As soon as we start seeing economic growth, we won’t need to worry about [revenue shortfalls],” he said.

            We have children running the show.
            One can only watch in amazement. Not sure why the usual suspects on here never comment on that.

            Comment


              #7
              Originally posted by blackpowder View Post
              “As soon as we start seeing economic growth, we won’t need to worry about [revenue shortfalls],” he said.

              We have children running the show.
              One can only watch in amazement. Not sure why the usual suspects on here never comment on that.
              I'm going to use that line on my banker.

              Comment


                #8
                Originally posted by mcfarms View Post
                I'm going to use that line on my banker.
                *spoiler alert* I'm sure many are!

                "Once we develop the necessary synergies with other businesses, incorporate enough precision tech, and attain efficiencies of scale, we'll finally start paying down the principle."

                Comment


                  #9
                  Warm up for IMF's "The World Debt Reset" as per Turdeaus leaked memo. https://thecanadianreport.ca/is-this-leaked-memo-really-trudeaus-covid-plan-for-2021-you-decide/

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