Strong focus on the implications of the beginning of normalisation of rates by the Bank of Canada.
Any budget has inherent conflicts and trade-offs in it, for example, between the short-term macro needs of the economy and the desired medium-term fiscal policy settings; and between the myriad of policy, social, intergenerational and political aspects of any policy changes.
The 2017-18 Federal Budget will be handed down at 7.30pm on Tuesday 9th May. This week will likely see further budget measures revealed in the press as has become practice in recent years.
With house prices rising, vacancy rates declining and a previous drop in building approvals, it’s likely that residential construction activity should begin to strengthen.