More to come in 2018?
The measures announced in this budget update should be seen as the NDP government’s first steps toward putting their stamp on the province after 16 years of Liberal administrations. A number of key (and expensive) electoral commitments – including $10 a day daycare and complete elimination of Medical Services Plan premiums – have not been fulfilled this time around, but remain on the government’s to-do list. The upcoming 2018 budget no doubt tell us more about the next steps.
For now, the first steps stayed within the province’s means. Hopefully this will remain a guiding principle.
Mark Ryan is an investment advisor with RBC Dominion Securities Inc. (member–CIPF), and these are Ryan’s views, and not those of RBC Dominion Securities. This article is for information purposes only. Please consult with a professional advisor before taking any action based on information in this article. Ryan can be reached at email@example.com.