The government of Canada has released a quarterly update on stimulus spending. The government says that that 80 per cent of the spending has been allocated, and that this is occuring at a faster rate than any other G7 country. The government says that the total spend over two years will be C$62 billion. The spending breakdown includes $20.5 billion for infrastructure and technology programs.
– $6.2 billion in tax credits and tax cuts
– $6.3 billion in new spending for unemployed Canadians
– $16.5 billion for new infrastructure programs
– $4 billion on research and development and so-called “knowledge” infrastructure
– $13.7 billion for the auto bailout and other sectoral support
– $15 billion in combined spending stimulus by provinces and territories

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