Fall of Canada's Federal Govt. May be Good for Housing, Infrastructure

A constitutional crisis brewing in Canada may see the ruling Conservative Party defeated next week in favour of a coalition government. Their priorities may be more city-friendly.
December 2, 2008, 10am PST | Michael Dudley
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"A two-year economic stimulus package that focuses on infrastructure, housing construction and the ailing manufacturing sector, overseen by a Finance Minister from the Liberal ranks, would be the top priority of a proposed Liberal-NDP coalition government.

Even though this might put Canada into a deficit position, the leaders say there is an agreement to undertake policies that would return Ottawa to a surplus position within four years.

Based on a policy framework the coalition released, the stimulus package would focus on: accelerating existing spending, and introduce new cash, on infrastructure, with particular focus on the needs of aboriginal people; housing construction and retrofits; and investments in the ailing automotive and forest products sector, on the condition the sectors can produce restructuring plans that ensure their future viability."

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Published on Monday, December 1, 2008 in Financial Post
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