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CCC: 5 Minutes for Business - Dealing with Downturn - Is Infrastructure Spending the Answer?

Wednesday, January 13, 2016

In this edition of 5 Minutes for Business, Hendrik Brakel, the CCC's Senior Director, Economic, Financial and Tax Policy, looks at the federal government’s plan to speed up its infrastructure spending to stimulate our troubled economy.

Last week, oil prices fell to a 12-year low, iron ore prices have plummetted and copper prices went from $4.50 a pound to below $2.00. The effects are being felt across the country and the government is turning to infrastructure spending to lessen the blow.

We all know the argument: In 2009, the government spent $13 billion in infrastructure projects, and the stimulus effect prevented a much worse downturn. But is this the same type of economic crunch? Can infrastructure spending really help an economy adjust to lower commodity prices? And what infrastructure should we be focusing on?

Read 5 Minutes for Business to find out.

For more information, please contact Hendrik Brakel.

5 Minutes for Business

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