The Canadian government has ample fiscal room to increase spending on infrastructure, Bank of Canada Gov. Stephen Poloz said, adding it is required to offer a boost to the country’s tepid growth profile.
“We have plenty of opportunities in Canada to deploy more infrastructure investment,” Mr. Poloz said in an interview with Canada’s Global TV network broadcast on Sunday. “There’s a balance point in all this, but Canada is in a very good fiscal situation so we shouldn’t be worrying about” the impact of higher budget deficits at this time, he added.