The retaliation strike that had analysts and world leaders wringing their hands in worry that World War III would fire up in the Middle East happened this week.
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Bank of Canada Governor Tiff Macklem, who in February said the federal government should avoid a major spending increase, on Friday said this week's federal budget had not significantly altered Canada's fiscal path. In Tuesday's budget, Prime Minister Justin Trudeau's Liberals promised billions in dollars of additional spending, but also said it would hike taxes. Last November the government released an economic statement saying the 2023/24 federal deficit would not exceed C$40 billion, a target it achieved.