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Bank governor credits Liberal stimulus with stronger economy

Summary:
This rather messes up neoclassical and Conservative economic theories. OTTAWA -- Bank of Canada Governor Stephen Poloz is crediting the Liberal government's Canada Child Benefit program with the country's strengthening economy, calling it "highly stimulative." The federal government introduced the amended formula for providing money to parents of children under 18 years old as its first order of business in 2015. It wasn't promoted as a stimulus measure, but as part of a package to help middle-class families. CTV News Bank governor credits Liberal stimulus with stronger economy

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This rather messes up neoclassical and Conservative economic theories.

OTTAWA -- Bank of Canada Governor Stephen Poloz is crediting the Liberal government's Canada Child Benefit program with the country's strengthening economy, calling it "highly stimulative."

The federal government introduced the amended formula for providing money to parents of children under 18 years old as its first order of business in 2015. It wasn't promoted as a stimulus measure, but as part of a package to help middle-class families.

CTV News

Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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