Canada Economic Conditions
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According to information on Canada economic conditions it has been advised by noted economists that economic stimulus packages of Canada should be focusing on projects related to infrastructure. It is being argued that this would result in improvement in public service facilities such as light rail and roads.
James Brander, a noted economist has argued that these projects would benefit Canadian economic conditions as infrastructural expenditures always provide high rates of economic returns. It is being said that infrastructural expenditure would have a trickle down effect on economic conditions of Canada.
Light rail transit is an important area of Canadian economy. Economists have observed that if facilities in this sector could be improved then it would have a positive effect on economic conditions in Canada by way of creation of jobs for workers of construction industry. This would boost supply based industries in Canada as well. Workers in low income class would also be benefited in these times of economic hardships, which would mean overall improvement of economic conditions at Canada.
As per latest information on Canada economic conditions $12 million has been allotted in budget that was presented in January 2009 by finance minister Jim Flaherty for infrastructural expenditure. An economic stimulus worth $4 billion package has also been announced. This package would be built on contributions from all provinces in Canada and would be used for purpose of repairing and maintaining facilities that are already there.
This budget has also set aside a billion dollars for projects that are environment friendly and $500 million each to be spent in projects to be executed in small towns and facilities for recreation of Canadian communities.
As per this budget $2 billion has been set aside in order to repair, increase and moderate facilities available at universities and colleges across Canada. Even though infrastructural projects are supposed to be helpful regarding improving Canada economic conditions they may also take a bit of time to get off ground and that could delay overall economic prosperity of Canada. It has also been advised by economists that major deductions in tax rates need not be provided to high income group as they are more likely to save in these compared to low income groups.
