The Economic Role of Government in Canada

Please review both the Bank of Canada's Monetary Policy Report (Bank of Canada) and the 2023-2024 Fiscal Budget (Department of Finance) and create a threat highlighting the following points:

• The current economic condition (actual GDP)
• The most relevant expectations for 2023-2024 in terms of the main macroeconomic indicators
• Main Fiscal Policy actions (Tools) by the Department of Finance to achieve economic stability
• Main actions from the Bank of Canada (Tools) to achieve economic stability

In your opinion, which type of policy is most recommended for the type of current and future economic conditions? Support your arguments in your own thread as well as in the 2 additional contributions.

Resources:

1. Department of Finance

LINK:https://www.budget.canada.ca/2023/pdf/budget-2023-en.pdf

Documents:

Chapter 6: Effective Government and a Fair Tax System - https://www.budget.canada.ca/2023/report-rapport/chap6-en.html

Annex 1: Details of Economic and Fiscal Projections - https://www.budget.canada.ca/2023/report-rapport/anx1-en.html

Video:https://youtu.be/xzbtMoz9NyU

Budget 2023: Address by the Deputy Prime Minister and Minister of Finance

Video:Watch: Freeland presents details of dental plan in 2023 budget:https://globalnews.ca/video/rd/36514c3e-cda9-11ed-9bd9-0242ac110006/?jwsource=cl

News Piece: (Globe & Mail) Federal budget 2023: Ottawa loosens fiscal restraints with new spending:https://www.theglobeandmail.com/canada/article-canada-federal-budget-2023/

News Piece + Videos: Global News: 5 ways Budget 2023 will impact your wallet:https://globalnews.ca/news/9584976/budget-2023-impact-on-your-wallet/

2. Bank of Canada

Video & Full Document: Monetary Policy Report:https://youtu.be/uSiF1iUiheA

PDF:https://www.bankofcanada.ca/wp-content/uploads/2023/01/mpr-2023-01-25.pdf

January 2023 Monetary Policy Report - In Brief

News Piece: (Global News)Inflation in Canada continues to slow, reaffirming BOC's rate pause

News Piece + Video: (Financial Post) Canada's inflation rate cools more than expectedhttps://financialpost.com/news/economy/inflation-rate-canada-lower-than-expected

Inflation in Canada continues to slow, reaffirming BOC's rate pause - https://www.ctvnews.ca/business/inflation-in-canada-continues-to-slow-reaffirming-boc-s-rate-pause-1.6321766

The annual pace of inflation cooled in February as it posted its largest deceleration since April 2020. - https://www.ctvnews.ca/business/inflation-in-canada-continues-to-slow-reaffirming-boc-s-rate-pause-1.6321766

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(Total of 3 different posts)

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