Canadian finance minister said plan is now to balance budget in long term
Six months ago during the Canadian election, the Liberal Party pledged small $10 billion deficits for two years and then balanced budgets.
That has slowly morphed into larger deficits and longer timelines. The latest statement suggests there's no plan to balance the budget it all.
It's the right call for Canada to spend some money on infrastructure with the economy slowing and commodities down, but how much of it will be wasted?