**Can the Latest Budget Bring Investment Back to Canada?**
*By Andrew Kelvin, Head of Canada and Global Rates Strategy at TD Wealth*
The Carney government has released its first budget aimed at incentivizing private investment and boosting defense, backed by significant spending and deficits. This bold budget raises important questions: Can it reorient Canada’s economy away from dependence on the United States? What does it mean for the markets?
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### What Carney’s ‘Bold’ Budget Means for Markets
The recent budget from the Liberal government is designed to stimulate economic growth through increased private investment and defense spending. By deploying substantial fiscal resources, the government hopes to strengthen Canada’s economic independence and competitiveness on the global stage.
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### About TD Wealth
TD Wealth is an integral part of the TD Bank Group, which serves approximately 24 million customers worldwide. As of April 30, 2015, TD Bank Group employed 85,000 people and managed CDN $1 trillion in assets.
In Canada, TD Wealth provides services through several specialized divisions:
– **TD Direct Investing:** Offers clients access to information, tools, and support, enabling confident self-directed investing.
– **TD Wealth Private Client Group:** Provides discretionary wealth management for high-net-worth clients and businesses.
– **TD Wealth Private Investment Advice:** Offers full-service brokerage for investors seeking tailored advice and solutions.
– **TD Wealth Financial Planning:** Develops and implements personalized financial plans for individual clients.
Whether you choose to invest independently or leverage the expertise of an advisor, TD Wealth gives you access to some of the industry’s most respected analysts, economists, and market strategists.
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