Bay Street sees Trudeau’s stimulus strategy boosting Canada’s economy

[mentalfloss]

4/5 doctors recommend GDP growth to ease butthurt.


Bay Street sees Trudeau’s stimulus strategy boosting Canada’s economy

A majority win for Justin Trudeau’s Liberals means stimulus spending aimed at kick-starting a Canadian economy that went limp in the first half of the year.

The plan to nearly double infrastructure investment over 10 years means three years of deficit spending, so naturally the Street wants to know if the plan will actually lead to economic growth.

BMO Capital Markets thinks it will. They crunched the numbers and say, at best, “stimulus would lift GDP growth by a bit more than 0.5% next year.”

That assumes the extra billions promised by Prime Minister-designate Trudeau are “fully implemented in the next budget.”

If so, BMO’s call for just over 2 percent economic growth next year becomes a call for something in the neighbourhood of 2.5 percent growth.

...more GDP growth here..

http://www.bnn.ca/News/2015/10/20/B...imulus-strategy-boosting-Canadas-economy.aspx

 

[Walter]

The big banks have always supported Liberal policies.

 

[Jinentonix]

4/5 doctors recommend GDP growth to ease butthurt.

Well, your butt must be feeling much better considering just the other day in a different thread
you were complaining about Trudeau's economic plan before it was even implemented.

 

[Cannuck]

Trudeau's economic policies couldn't be worse than Harper's

 

[B00Mer]

A Corporate Welfare check.

 

[Ron in Regina]

Bay Street's opinion? Didn't we just bail them out with tax payer funded
$$$...or was that just Wall Street? The economies are so closely tied that
it tends to blur at times.

Banks got $114B from governments during recession - Business - CBC News

Makes me accept Bay Street's opinion with a grain of salt at best.

 

[petros]

The plan to nearly double infrastructure investment over 10 years means three years of deficit spending, so naturally the Street wants to know if the plan will actually lead to economic growth....

In other words...More money going into western Canada to finish the Asia Pacific Gateway and pipelines to the APG.

Bay Street's opinion? Didn't we just bail them out with tax payer funded
$$$...or was that just Wall Street? The economies are so closely tied that
it tends to blur at times.

Banks got $114B from governments during recession - Business - CBC News

Makes me accept Bay Street's opinion with a grain of salt at best.

Money that wen to buy US mortgages for pennies on the dollar.

 

[IdRatherBeSkiing]

Bay Street's opinion? Didn't we just bail them out with tax payer funded
$$$...or was that just Wall Street? The economies are so closely tied that
it tends to blur at times.

Banks got $114B from governments during recession - Business - CBC News

Makes me accept Bay Street's opinion with a grain of salt at best.

It was just WallSteet. Canadian economic polices by the PM at the time and stronger regulations in the banking sector kept Canadian banks from collapsing like the US banks did although whether they actually would have is now in some doubt. We did bankroll GM for a while but got shares which we have since sold.

But most businessmen like free money so the endorsement is to be taken with a grain of salt.

 

[Ron in Regina]

Yeah, I guess. The link in the quote above doesn't call it a bail out.
It calls it "Liquidity Support" directly & indirectly to the tune of over
$100 billion (with a 'B').

 

[petros]

There are Canadian banks operating in the US after scooping up assets for pennies on the dollar but I don't see any US banks operating here.