The Pituffik Space Base (formerly Thule Air Base) in Greenland Global markets faltered as fresh tariff threats from U.S. President Donald Trump reignited fears of a renewed trade clash between Washington and key European partners. The announcement targeted several EU nations and immediately sent shockwaves through equities, currencies, and commodities. European stocks opened sharply lower, with export‑heavy sectors—particularly autos, luxury goods, and industrials—bearing the brunt of the selloff. Major multinational firms saw billions wiped from their market value within hours as investors braced for potential retaliatory measures from Brussels. The proposed tariffs, set to begin at 10% and potentially rise to 25% later in the year, stem from escalating geopolitical disagreements that have st...
Economists Criticize Liberals' New Stimulus Package, Question Long-Term Impact
Canada’s Liberal government has unveiled a new stimulus package aimed at addressing economic uncertainty, but the move is drawing skepticism from economists who question its rationale and potential implications for fiscal policy.
The package, which includes targeted financial relief for low- and middle-income households, tax credits for businesses, and infrastructure investments, is designed to counter inflationary pressures and boost economic activity. However, experts warn that such measures may have unintended consequences.
“Introducing new spending programs in the current economic climate could exacerbate deficits and put additional strain on taxpayers in the long run,” said Kevin Milligan, an economics professor at the University of British Columbia. “It’s not good for tax policy to continually rely on temporary fixes.”
Critics also argue that the package lacks clear metrics for success and risks fueling inflation rather than curbing it. Others, however, defend the plan as necessary to support vulnerable Canadians amid rising costs of living and global economic uncertainty.
As Parliament debates the package, opposition parties have demanded greater transparency on how the funding will be allocated and its expected impact on Canada’s long-term economic health.
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