The federal Liberals are set to unveil a budget on Tuesday intended to showcase their plans to keep Canada competitive amid the clean energy transition while supporting Canadians who are struggling with affordability.
'Everything is interwoven': Trudeau and Biden vow continued Canada-U.S. collaboration during historic visit
Many economists are forecasting that Canada could enter a recession this year as high interest rates weigh on the economy. Since March 2022, the Bank of Canada has aggressively raised interest rates to crack down on high inflation. According to a report from Desjardins, new spending measures alone wouldn't necessarily put federal finances on an unsustainable path. But if significant new spending is paired with a worse-than-expected economic downturn, that could spell trouble for the federal government, the report says.
Bartlett said the federal government so far has done a good job balancing the need to help low-income Canadians while avoiding adding fuel to the fire. "If we continue to see increased spending, and that requires tax increases to to afford that spending, there's going to be ... increased scrutiny by the public on whether or not we're getting the bang for the buck," Bartlett said.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
As economy faces potential recession, Liberals to release ‘tricky’ budget Tuesday | National NewswatchNational Newswatch: Canada's most comprehensive site for political news and views. Make it a daily habit.
Read more »
As economy faces potential recession, Liberals to release 'tricky' budget TuesdayOTTAWA — The federal Liberals are set to unveil a budget on Tuesday intended to showcase their plans to keep Canada competitive amid the clean energy…
Read more »
As economy faces potential recession, Liberals to release ‘tricky’ budget Tuesday - Terrace StandardAs economy faces potential recession, Liberals to release ‘tricky’ budget Tuesday
Read more »
As economy faces potential recession, Liberals to release 'tricky' budget TuesdayThe federal Liberals are set to unveil a budget on Tuesday while supporting Canadians who are struggling with affordability.
Read more »
BC Liberals call on government to immediately release forensic audit of BC Housing - Terrace StandardBC Liberals call on government to immediately release forensic audit of BC Housing
Read more »