Finance Minister Chrystia Freeland said the federal government plans to make “two significant and necessary investments” in the next budget, namely in health care and in building a green economy, while promising to be “narrowly focused and fiscally responsible” to fight inflation. “The truth is, we can’t fully compensate every single Canadian for all of the effects…
‘Narrowly Focused and Fiscally Responsible’: Finance Minister Freeland Outlines Priorities for 2023 Budget
March 20, 2023
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Freeland Stresses Bank of Canada’s Independence After Singh Criticizes Rate Hikes
As another interest rate hike looms, Finance Minister Chrystia Freeland is emphasizing the Bank of Canada’s independence after criticism from federal NDP Leader Jagmeet Singh. Singh sent a letter to Prime Minister Justin Trudeau Friday warning that another rate hike will have a “serious impact on families” as fears of a recession grow. The central…
Manitoba Offering Money to Some Families, Seniors to Help With Rising Cost of Living
The Manitoba government promised Wednesday to send cheques tosome families and seniors to help them battle inflation. The Progressive Conservative government is also raising benefits for certain people on social assistance, and offering a temporary boost in funding to food banks. “It is beyond clear that many Manitobans are hurting and having a hard time…
Highlights From Finance Minister Chrystia Freeland’s Fall Economic Statement
December 14, 2021
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OTTAWA—Finance Minister Chrystia Freeland released a fall economic statement today that outlined a better-than-expected economic rebound, but also billions more in spending, including on the response to the Omicron variant of COVID-19. Here are some other measures outlined in the fiscal update. Immigration backlogs The federal government plans to put $85 million into plowing through…
Liberals’ Wage Subsidy Extension to Push Program Costs to $107 Billion, PBO Says
December 9, 2021
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OTTAWA—The parliamentary budget officer says the federal government’s plan to extend its wage subsidy will push the overall price for the program to almost $106.7 billion. The budget officer’s report released this morning estimates that the majority, about $4.8 billion, in subsidies will flow to businesses that continue to see a steep, and persistent drop…
Cities Should Redo Planning, Permitting to Align With Housing Strategy, Minister Says
June 18, 2021
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OTTAWA—The federal minister in charge of affordable housing says he would like municipalities to reshape local rules to more quickly build units through the government’s national housing strategy. Social Development Minister Ahmed Hussen says some cities and towns have already started to align their permitting and planning process with the federal strategy, but adds many…
Former Liberal Finance Minister Bill Morneau Drops out of OECD Campaign
OTTAWA—Former finance minister Bill Morneau says he is dropping out of the race to become secretary-general of the Organization for Economic Co-operation and Development. In a statement on Twitter today, Morneau says he did not have enough support from member countries to make it to the third round of the campaign. Morneau, who became Trudeau’s…
Former Minister For Finance Mattias Cormann Prime Candidate For OCED Post
Former Senator Mathias Cormann has emerged as one of the prime candidates to head up the Organisation for Economic Co-operation and Development (OECD) after playing a pivotal role in Australia’s COVID-19 response as federal Finance Minister. According to reports by the Sunday Morning Herald on Jan. 14, Cormann now stands alongside two other top contenders…
Former Minister For Finance Mattias Cormann Prime Candidate For OECD Post
Former Senator Mathias Cormann has emerged as one of the prime candidates to head up the Organisation for Economic Co-operation and Development (OECD) after playing a pivotal role in Australia’s COVID-19 response as federal Finance Minister. According to reports by the Sunday Morning Herald on Jan. 14, Cormann now stands alongside two other top contenders…
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