Canada markets closed
  • S&P/TSX

    19,472.74
    +181.76 (+0.94%)
     
  • S&P 500

    4,232.60
    +30.98 (+0.74%)
     
  • DOW

    34,777.76
    +229.23 (+0.66%)
     
  • CAD/USD

    0.8249
    +0.0022 (+0.27%)
     
  • CRUDE OIL

    64.82
    +0.11 (+0.17%)
     
  • BTC-CAD

    70,926.23
    +541.77 (+0.77%)
     
  • CMC Crypto 200

    1,480.07
    +44.28 (+3.08%)
     
  • GOLD FUTURES

    1,832.00
    +16.30 (+0.90%)
     
  • RUSSELL 2000

    2,271.63
    +30.21 (+1.35%)
     
  • 10-Yr Bond

    1.5770
    +0.0160 (+1.02%)
     
  • NASDAQ

    13,752.24
    +119.39 (+0.88%)
     
  • VOLATILITY

    16.69
    -1.70 (-9.24%)
     
  • FTSE

    7,129.71
    +53.54 (+0.76%)
     
  • NIKKEI 225

    29,357.82
    +26.45 (+0.09%)
     
  • CAD/EUR

    0.6778
    -0.0039 (-0.57%)
     

‘This is not your run-of-the-mill federal budget’

Prime Minister Justin Trudeau's Liberal government presented its first budget in more than two years this week. It's a plan that includes more than $101 billion in new spending over the next three years aimed at getting Canadians out of the third wave of COVID-19, as well as kicking off a post-pandemic recovery.

But Sean Speer, fellow in residence at the Public Policy Forum, says "this is not your run-of-the-mill federal budget." On this episode of Crisis Management, Speer explains that the budget may represent a new framework for governance and policymaking in Canada, one that goes beyond the short-term response to the extraordinary crisis that is the COVID-19 pandemic. Speer argues that the budget shows there is a new way of thinking when it comes to policy, represented by the Trudeau government, that is less concerned about spending, deficits and the size of government.