Its components focus on raising inflation expectations, increasing asset values and pushing up growth in aggregate demand, and, as stated in its September 2010 press release, employment. While I agree these are worthy goals, I am concerned that maintaining a crisisoriented policy as the tool to achieve them significantly changes the economic risks.
We have already seen some early effects from the Canada Child Benefit on household spending, and there have been some new measures introduced at the provincial level. But the main ingredient in our forecast is the federal infrastructure program, which is well under way but not yet evident in the economic indicators we are tracking.