Newly-elected prime minister Justin Trudeau’s plans to boost infrastructure through deficit spending have received a nod of approval from economists, city officials, and even the London Chamber of Commerce.
The London Free Press spoke to Assistant Professor Mike Moffatt about how deficit spending will promote long-term growth, particularly in London.
“This will boost the economy. The question is how fast can they get the money out the door in a way that it won’t get wasted,” said Moffatt.
Improving the quality of life in London will also prevent what Moffatt refers to as a “brain drain” to the United States.
“We need transit, safe streets, world-class facilities so millennials will want to stay here,” he said.
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