OTTAWA, Feb 24 (Reuters) – Canada has the firepower to invest billions of dollars in the green transition over the coming years to make it more competitive with the United States, analysts said, while also ensuring its public finances stay on a sustainable path.
Prime Minister Justin Trudeau has fiscal room in this year’s budget because tax revenue has held up, COVID-19 pandemic supports have ended and the economy is performing better than previously expected, said Randall Bartlett, senior director of Canadian economics at Desjardins.