The fiscal update will share the government's outlook for an economy facing high inflation and staring down a potential recession in the coming months
OTTAWA — A looming recession and Canada's need to keep up with the United States on clean energy investments will be front and centre next week when Finance Minister Chrystia Freeland delivers her fall mini-budget.
She has said the statement will include the first part of Canada's response to the United States Inflation Reduction Act, which included nearly $400 billion for green energy and climate change. On top of competing for investments, there are concerns that there are only so many skilled workers and supplies to get the projects going and that Canada will find itself at the back of line if its investments don't keep pace.
Though inflation is slowing — down to 6.9 per cent in September compared with a high of 8.1 per cent in June — it remains one of the biggest concerns both for Canadians and the government.