Will $52.9B in new federal spending make inflation worse?

Heading into this week’s federal budget, one question loomed large: would new spending fuel inflation and make it harder for the Bank of Canada to start cutting interest rates?

Will $52.9B in new federal spending make inflation worse?
a person waits to pay with a credit card at a supermarket.

Heading into this week’s federal budget, one question loomed large: would new spending fuel inflation and make it harder for the Bank of Canada to start cutting interest rates?