Carney promises ‘good news’ in spring economic update
Prime Minister Mark Carney has indicated that there will be positive news regarding the federal government's fiscal position in the upcoming spring economic update. He emphasized the Liberals' commitment to responsible fiscal management, suggesting that the deficit may be lower than previously projected. Additionally, Carney announced the establishment of a sovereign wealth fund aimed at investing in major Canadian projects.
- ▪Prime Minister Mark Carney stated there would be 'good news' in the spring economic update.
- ▪The federal government typically revises its economic and fiscal projections in mid-year updates.
- ▪Carney announced the creation of a sovereign wealth fund with an initial $25-billion capitalization for nation-building projects.
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Open this photo in gallery:Prime Minister Mark Carney said there would be “good news” on the federal government’s fiscal position in Tuesday's spring update.Sean Kilpatrick/The Canadian PressShareSave for laterPlease log in to bookmark this story.Log InCreate Free AccountPrime Minister Mark Carney says the Liberals are “good fiscal managers” – and he’ll have the chance to prove it when the federal government tables its spring economic update Tuesday afternoon.The federal government typically tables mid-year updates between annual budgets to revise its economic and fiscal projections.
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