Canada's economy is about to get a big shot in the arm.
After their economy slipped into recession this year, Canadian voters Tuesday elected a new Liberal government led by the son of a former prime minister who promised to lift the country with a massive infrastructure spending program.
The crash in global oil prices last year has hit Canada's economy hard, allowing challenger Justin Trudeau to seize on economic weakness in his bid to unseat the incumbent Conservatives with a plan to spend heavily to revive growth. He has pledged to borrow to spend tens of billions of dollars on infrastructure and other investment to make up for the drag on private investment from the nation's energy sector. The recession has brought a sizable bump in the nation's jobless rate, which hit 7.1 percent in September, up from 6.6 percent at the start of the year.
The latest data show some signs that the recession is easing, but the outlook remains weak.