Canada government plans further spending to buoy economy

Canada's Finance Minister Bill Morneau said the Can$81 billion in extra spending would go toward pubilc transit, green infrastructure, affordable housing and hockey areansCanadian Prime Minister Justin Trudeau’s Liberal government doubled down Tuesday on efforts to force an end to years of stagnant growth through spending, by announcing Can$81 billion ($61 billion US) in new infrastructure outlays. In a fiscal update, Finance Minister Bill Morneau said the monies for public transit, green infrastructure, affordable housing, hockey arenas and ports would be dolled out over 11 years starting in fiscal year 2017-2018. The government had announced massive spending in its first budget in March, including Can$12 billion for new infrastructure, plunging the nation’s finances back into the red to boost growth.

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