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.

1 minute read

December 2, 2008, 10:00 AM PST

By Michael Dudley


"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."

Monday, December 1, 2008 in Financial Post

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