July’s uptick in economic growth was almost wholly rooted in the oil sector. “In our last budget we made provisions about the level of growth and we put in a level of prudence,” he told reporters this week. The leading candidate would appear to be fiscal stimulus. If fiscal stimulus has failed to revive the economy — again — the only possible solution is more stimulus. In such circumstances, neither fiscal nor monetary stimulus are of much use.

Source: National Post September 30, 2016 23:48 UTC