Finance Minister Bill Morneau doesn’t want us looking too closely at his latest report card from the International Monetary Fund.
Every year, the IMF sends a team of economists to most of its 189 member countries to assess the state of their economies and the efficacy of their mix of fiscal policy, monetary policy, and financial regulation. On May 21, the fund released the preliminary report of its Canadian team’s latest trip north from their base in Washington.
And this: “With working well, their effectiveness should not be diluted by home buyer initiatives that inadvertently increase household debt,” a comment that I read as disapproving dig at the sop for first-time homebuyers in Morneau’s latest budget. Still, the outlook is a reminder that Canada’s elected policymakers — federal and provincial, and over a longer period than the last few years — haven’t been trying hard enough.
“Challenges in project selection, execution and coordination — especially at the provincial and municipal levels — must be overcome to avoid delays in infrastructure investment,” the IMF said. “A more detailed strategic plan is needed to prioritize infrastructure projects that most serve the long-term national interest.”
From the Minister of Debt Bill_Morneau
CocoBails What is not very clear is how much of Canada's 'growth' is from government spending which is financed with unsustainable debt.
CocoBails Morneau should open his eyes, people in Canada are getting real tired of the liberal bullshit! He should walk the streets and talk to canadians(if he dares)!
Growth of 1.5% and inflation above 2%. Net gain -0.5. That sounds like JustinTrudeau math
Boy, you had to work hard to find any negativities amongst all the positives. Is that really what they pay you for at the NP?
Like most countries, it doesn't like being told what to do and think that the IMF is just another level of bureaucracy at the UN that they can not get a chair at.
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