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Ottawa pins recovery on home reno boom

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The challenge of our time

Globe and Mail Update - Tuesday, January 27, 2009 at 11:25 EST

A laid-off retail manager, a self-employed consultant, a young mother and a small businessman reflect on the recession as Finance Minister Jim Flaherty delivers the budget

From Wednesday's Globe and Mail

One of the showpieces of Tuesday's budget is a new home-renovation credit program, which comes with an estimated price tag of $2.5-billion over the next fiscal year and is aimed at supporting the faltering housing market.

While the government had already signalled its intention to focus on housing, the depth of its commitment was a surprise, said Douglas Porter, deputy chief economist at BMO Nesbitt Burns.

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