Prime Minister Mark Carney defended increasing the debt burden with his fiscal plan, saying the greater risk to the economy is sluggish growth.
“Our risk is the economy doesn’t grow fast enough,” Carney told a business audience at an event in Toronto on Nov. 7. “In other words, we don’t get the productivity up, and that’s what gradually gets you into a more difficult debt.”
The prime minister was responding to a question from the audience about how the expenditures in the budget, dubbed “generational investments” by the government, will shape opportunities for younger Canadians in the coming years, given that a large deficit can potentially be “a tab for a future generation.”…