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Government fiscal response to higher debt ceiling
5
Resolution / Starting Odds
Introduction of new taxes • 33%
Spending cuts in major sectors • 33%
No significant fiscal changes • 34%
Official government releases and major Canadian financial news outlets
Story
Canada Raises Debt Ceiling to Record $2.16 Trillion Under Trudeau
May 2, 2024, 06:56 PM
Canadian Finance Minister Chrystia Freeland has raised the national debt ceiling to a record $2.16 trillion, marking the second increase under the Trudeau administration in three years. This new limit is noted as nearly double the previous ceiling and roughly equivalent to Canada's annual economic output. Freeland emphasized that this move is a response to what would happen with austerity measures, suggesting that without government support, Canadians would have to fend for themselves. She reassured that the government is committed to being at the service of its citizens.
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Reduced capital gains taxes • 25%
New fiscal stimulus • 25%
No significant changes • 25%
Increase in Investment • 25%
Decrease in Investment • 25%
No Significant Change • 25%
Volatility • 25%
Increase by 1% or more • 33%
Decrease by 1% or more • 33%
Little or no change • 34%
Increased funding for firefighting • 20%
New national wildfire prevention strategy • 20%
International aid requested • 20%
Emergency state extended • 20%
No significant new measures • 20%
New hate crime legislation • 33%
Increased funding for security at schools • 33%
No significant changes • 34%
Netflix sees increased Canadian investment • 25%
Amazon Prime Video scales back Canadian operations • 25%
Disney+ increases subscription prices in Canada • 25%
No significant impact • 25%
Immediate increase in budget • 25%
Plan to increase over years • 25%
Rejection of demands • 25%
Negotiation for extension • 25%
Positive Impact • 50%
Negative Impact • 50%
Increase in funding • 33%
Decrease in funding • 33%
No change in funding • 33%
Decrease by less than 0.9% • 25%
Decrease by 0.9% to 1.2% • 25%
Decrease by 1.3% to 1.5% • 25%
Decrease by more than 1.5% • 25%
Increase in capital reserves • 25%
Re-structuring of assets • 25%
Lobbying against the requirements • 25%
No significant changes • 25%
Fiscal stimulus • 33%
Monetary easing • 33%
No intervention • 34%