Economist says temporary tax cut, relief cheques play into rosier growth picture

News Room
By News Room 5 Min Read


TORONTO – The federal government’s “meaty” move to pause federal sales tax on a long list of items and send cheques to millions of Canadians this spring could factor into an improving outlook for growth in 2025, one economist says.

Bank of Montreal chief economist Doug Porter says the moves, which will cost about $6.3 billion, could put some upward pressure on inflation.

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