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Ottawa pins recovery on home reno boom

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Budget hits and misses

CP Video - Tuesday, January 27, 2009 at 5:06 EST

After a torrent of leaks there were still some surprises in the 2009 federal budget. Canadian Press reporters Rob Russo and Bruce Cheadle look at the hits and misses in the financial plan

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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