Federal Budget: Effect On Canada's Economy, Interest Rates And The Loonie (Video)

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Includes: EWC, FCAN, FXC, HEWC, QCAN
by: TD Wealth

Summary

$100 billion doesn't affect the short term outlook.

Interest rates still not expected to rise until 2018.

Outlook for the loonie, lately highly correlated to oil.

Canada's debt to GDP ratio still relatively low.

The 2016 federal budget spends over $100 billion in 5 years, but what does it mean to Canada's economy, interest rates and the loonie? MaryAnn speaks with Beata Caranci, Chief Economist, TD Bank Group.