CANADA – PLACE YOUR BETS

CANADA – PLACE YOUR BETS  by Caleb Gibbons, CFA, FRM, – Originally at IBankCoin. Reposted with permission
Things generally get done quickly in Canada. Elections are not drawn out, overly expensive affairs. Prime Minister Justin Trudeau (office assumed 11/4/15) has brought his debut budget via Finance Minister Bill Morneau, and while some are aghast at the scale of the near C$30bln (US$22.7bln, equiv. to approx 1.5% of CDN GDP) planned budget deficit, it was largely what got the Liberal party elected. Trudeau promised C$125bln of deficit spending over 10 years (up from $65bln planned by the prior no USA State Dinner “Melba toast”, Lego-haired Stephen Harper led Conservative government).

The planned Canadian deficit is much smaller than what...