Finance Minister Chrystia Freeland will deliver the federal budget on April 7 at 4 p.m. ET, making it the first budget announcement since the 2021 federal election
also expects another $12-billion to top up defence spending.The budget will also include about $2-billion on a strategy to accelerate Canada’s production and processing of critical minerals needed for the electric vehicle supply chain.During the December fiscal update, Ms. Freeland projected that the size of the federal deficit would decline from $327.7-billion in 2020-21, to $144.5-billion in 2021-22 and $58.4-billion for the 2022-23 fiscal year that begins on April 1.
, rising 5.7 per cent from a year earlier. That was the highest inflation rate since August 1991, and it marked the 11th consecutive month that inflation has surpassed the Bank of Canada’s target range of 1 per cent to 3 per cent.
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