• Budget 2021 includes more than $100B in new spending over three years; higher deficits going forward.
• Key support programs extended until the fall.
• Ambitious child care funding seeks to boost women’s labour force participation.
• Limited tax measures, little to cool housing.
• Structural deficits and lack of fiscal anchor a concern.

Deputy Prime Minister and Minister of Finance Chrystia Freeland released the long-awaited federal budget on April 19, 2021, more than two years after their last full budget. The budget featured an unprecedented $101 billion of stimulus aimed at spending Canada’s way to growth. Click here for the full report. Summary and RBC Economics report below also.

“Once you replace negative thoughts with positive ones, you’ll start having positive results.” - Willie Nelson