Not your grandparents growth-maximizing infrastructure spending

While infrastructure spending was major theme in this week’s federal fiscal update, Canadians ought to know that despite the government’s rhetoric, the planned infrastructure spending is unlikely to deliver on fostering long-term economic growth.    For starters, it’s important to clarify the minimal role that infrastructure spending plays in the government’s five-year fiscal plan. While some Canadians may have the impression that infrastructure spending is largely why the government will be in deficit for the foreseeable future, it turns out new infrastructure spending is a surprisingly small share of the projected deficits over five years.Of the $138.1 billion in total deficits

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