Deputy Prime Minister Chrystia Freeland raised the lessening of COVID-19 restrictions during convoy protests of last winter, according to handwritten notes from a staffer in the Prime Minister’s Office (PMO). The notes from Brian Clow, deputy chief of staff to Prime Minister Justin Trudeau, were entered as evidence at the Emergencies Act inquiry on Nov. 10. During…
Freeland Raised the Lessening of Restrictions During Convoy Protest: PMO Staffer Notes
Conservatives Say No New Spending, NDP Voice Recession Worries Ahead of Fiscal Update
Federal opposition parties are making their priorities known ahead of the government’s fall fiscal update, with the Conservatives calling for the Liberals to curb new spending and the NDP raising concerns about a potential recession. Finance Minister Chrystia Freeland will present the fall economic statement on Thursday in the House of Commons, which will shed…
Poilievre Calls on Freeland to Stop Tax Increases, Government Spending in Fall Economic Statement
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…
Federal Government Posts $3.9B Surplus for April-to-August Period
The federal government posted a surplus of $3.9 billion for the first five months of its 2022-23 fiscal year. In its monthly fiscal monitor, the finance department says the result for the April-to-August period compared with a deficit of $57.2 billion for the same time last year. Government revenue for the period totalled $177.2 billion,…
Finance Minister Chrystia Freeland to Deliver Fall Economic Statement on Nov 3
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…
Canada’s Economy Will Face Slowdown ‘Around the Corner,’ Freeland Says
Deputy Prime Minister Chrystia Freeland says that Canadians will face more economic challenges “around the corner” as a result of rising interest rates. “The impact that will have on people’s family budgets—some people are going to see their mortgage payments rise and that is a challenge,” Freeland told reporters in Gatineau, Que., on Oct. 17. “I’m…
Canadians’ Finances Shaken by Inflation and Rate Hikes: Insolvency Firm
Canadians are less prepared to buffer financial shocks as they spend more towards food, clothes, and shelter, says a survey conducted for the insolvency firm MNP. “Canadians are putting more of their paychecks towards basic necessities. That is leaving less of a financial buffer to manage the impacts of current and potential future interest rate…
Freeland Says Conservatives Are ‘Huffing and Puffing’ on Affordability Issue
Conservatives have maintained the pressure on the Liberals over the cost of living this week, tabling two motions calling for cancelling tax increases, but Deputy Prime Minister Chrystia Freeland said they’re merely “huffing and puffing” as they’ve said they’ll support the government’s proposed GST rebate. “When you look past all the huffing and puffing, all…
Canadians Should ‘Trust’ Central Bank Will Rein In Inflation, Says Finance Minister
Deputy Prime Minister and Finance Minister Chrystia Freeland said on Sept. 7 that Canadians should have “trust” in the Bank of Canada to tackle inflation after it announced another rate hike earlier that day. “From my perspective, now more than ever is a time for Canadians to build social trust with each other and to…
Deputy PM Freeland Addresses Rumours of Interest in Top NATO Post
Deputy Prime Minister Chrystia Freeland would not confirm whether or not she’s interested in becoming the next secretary general of NATO while addressing rumours on the issue. “I have a really big job already. In fact, I have two big jobs—as finance minister and deputy prime minister of Canada—and I am really, really focused on…
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