Finance Minister Chrystia Freeland will deliver an update on federal finances in the fall economic statement to be presented in the House of Commons on Nov. 3.
The fiscal update will also share the government’s outlook for an economy facing high inflation and staring down a potential recession in the coming months.
Freeland has stressed in recent weeks that the Liberal government is focused on fiscal discipline, so as not to further fuel inflation that has affected the cost of living, including grocery bills.
Monthly updates from the Finance Department have shown that federal finances have been improving as revenues have risen and pandemic spending has wound down….