Federal election 2019: What a Liberal minority government means for the economy

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Opinion: What a Liberal minority government means for the economy elxn43 cdnpoli

This translation has been automatically generated and has not been verified for accuracy.If you’re a fan of creative economic thinking, this was not the election for you. Sadly, it may have been a preview of the next four years.

“While they might amend the details, no party in Canada would challenge a continuation of the major items of federal spending: the CPP/OAS for the elderly, EI for the unemployed, transfer payments to provinces in support of public health insurance and education, and equalization payments to provinces with weaker tax bases,” CIBC chief economist Avery Shenfeld said in a research note last week.

But we’ve just lived through a pretty benign few years for the bulk of the Canadian economy . In the sweet spot of an economic expansion, with low interest rates and tame inflation – those sorts of conditions just spit out good economic numbers. The Liberals will find the economic boasting points fewer and harder to come by this time.

History strongly suggests that the government won’t be able to skate through the next four years without encountering a significant downturn, if not an outright recession. With global manufacturing and trade already slowing markedly, and the China-U.S. trade dispute posing a serious risk to the stability of the world economy, that downturn may not be far off.

 

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Well said with list priorities: _Tax system for innovation/services economy _Solve global competitiveness/productivity _Eliminate trade barriers between provinces _Consumer debt What many discuss: _Black face _Made up abuse _Name calling _Putting down refugees _Anti-globalism

It means nothing, they did nothing with a majority just 4 more years of bull shit

It means we're all fucked

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