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Feds to give $28B in stimulus

A government report on Canada’s economic action plan says Ottawa is on track to deliver $28 billion in stimulus spending in its second year.

A government report on Canada’s economic action plan says Ottawa is on track to deliver $28 billion in stimulus spending in its second year.

Finance Minister Jim Flaherty, announcing the report yesterday in Vaughan, said stimulus measures have helped keep Canada’s economy strong.

The report on the action plan’s implementation says more than 26,000 stimulus projects are underway or completed.

Flaherty also cited those projects as having contributed to a strong labour market, with almost 400,000 jobs created since July 2009.

The report also credits the stimulus measures with boosting Canada’s gross domestic product by 1.3 percentage points per quarter since the second quarter of 2009.

 
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