Trudeau To Give Finance Minister Morneau Free Reign to Tax and Spend

This evening, Global News broke the news the Trudeau Government is introducing a bill granting them full powers to spend, borrow and tax without having to get the approval of the opposition MPs.

Global News claims to have viewed a copy of the legislation to be tabled on Tuesday when a small number of MPs from all parties return to Ottawa to pass a multibillion-dollar coronavirus support package.

It appears as though Canada is not about to watch the US Federal Reserve and Government have a party and not match it.

More to come. Lots more to come.


Information for this briefing was found via the Global News. Not a recommendation to buy or sell any securities. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Why the Market May Be Misreading Iran | David Woo

Why US Fertilizer Supply Could Matter a Lot More Now | Pat Varas – Sage Potash

Roscan Gold: Mali Discount Hits Kandiole PEA

Recommended

Canadian Gold Drills 19.5 g/t Gold Over 1.0 Metre At Lac Arsenault

Canadian Copper Secures Key Approval for Caribou Complex Acquisition

Related News

Canada’s Cautious Reopening Causes Economic Recovery to Fall Behind Compared to US Counterpart

As coronavirus restrictions are slowly being lifted across the country, the resulting economic damage is...

Friday, June 12, 2020, 05:49:00 PM

Statcan Estimates July Manufacturing Sales Increase of 8.7%

Statistics Canada this morning released its flash sheet estimate for July’s manufacturing figures, releasing a...

Monday, August 24, 2020, 11:31:00 AM

Canadian Wholesale Trade Fell by 21.6% in April Amid Coronavirus Pandemic

The coronavirus pandemic caused many businesses across Canada to shut their doors, while consumers were...

Friday, June 19, 2020, 12:41:00 PM

Canadian Federal Government Extends CERB Payments For 8 More Weeks

As mentioned earlier, the Canadian federal government has been pushing a plan to extend CERB...

Wednesday, June 17, 2020, 03:49:00 PM

Consumer Confidence Falls to Lowest Level since March 2017; Dropping 9.5%

This morning the The Conference Board announced the Consumer Confidence Index declined sharply dropping 9.5%...

Tuesday, March 31, 2020, 01:03:19 PM