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The budget and the economy

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Cathy and Mauro Ceolin

Globe and Mail Update - Friday, January 23, 2009 at 2:51 EST

Cutting back amid a gloomier economic outlook and tight job market

Globe and Mail Update

So much has happened since the November economic statement, and so much has changed.

Parliament resumes Monday with the Speech from the Throne, and then on Tuesday all eyes are on the budget.

While other nations have pursued a policy of "bailout plan first," Canada is taking a legislative approach to economic stimulus.

Analysts are watching for big spending plans, big deficits and anticipate a relatively gloomy outlook.

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