The Loonie Hour Podcast

Chaos in Ottawa! Budget Deficit Explodes to $62B

December 20th, 2024

Finance Minister Freeland resigns, Trudeau government hangs in the balance. Budget deficit explodes to $62B, surpassing the fiscal guardrails. The Loonie tumbles, dropping to 69 cents. The US Fed cuts rates, says inflation trarget won’t be hit until 2027. Coal usage hits record highs on Chinese demand.

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