Category: Fall Economic Statement

Ontario Projects $12.9 Billion Deficit for This Year in Fall Economic Statement

November 14, 2022
CanadaFall Economic StatementOntario BudgetWorld
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The Ontario government is projecting a deficit of $12.9 billion for the 2022-2023 fiscal year, which it says is about $7 billion lower than expected, according to the province’s fall economic statement released today. The province is expecting its deficit to decrease over the next two years, becoming about $8 billion next year before dropping…

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Ottawa Moves to Counter Effects of US Inflation Reduction Act on Its Green Initiatives

November 9, 2022
Business & Marketsbusiness investmentCanadaeconomic policiesenergyFall Economic StatementinflationInflation Reduction ActWorld
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News Analysis The United States has thrown down the gauntlet with its Inflation Reduction Act (IRA), putting Ottawa under pressure to respond and avert further flow of business investment south of the border, particularly that impacting its green initiatives. But the feds are hampered by their ideology, an economist says, noting that more government-directed investment…

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Poilievre Calls on Freeland to Stop Tax Increases, Government Spending in Fall Economic Statement

October 31, 2022
CanadaCanadian economyChrystia FreelandFall Economic StatementPierre PoilievreWorld
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Conservative leader Pierre Poilievre is calling on Deputy Prime Minister and Finance Minister Chrystia Freeland to include in her upcoming fall economic statement a plan to stop the federal government’s upcoming tax increases and to offset any new spending with “equivalent saving.” “The bubble is finally bursting and the bill is finally coming due,” Poilievre wrote…

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