Finance Minister Chrystia Freeland has to balance new expectations this year
At the same time, she will have to make sure to keep a decreasing debt-to-GDP ratio, the Liberals’ core fiscal anchor, to demonstrate that Canada’s finances are sustainable.
“You have the Bank of Canada, which is trying to put the brakes on the economy and bring inflation down. If, on the other hand, you’re just adding more and more in the economy in the short term, you are adding more fuel to the fire and you will probably accelerate the rate hikes … and so you’re being counterproductive, in a way, for the economy.”Article content
“We have always been fiscally responsible,” said Prime Minister Justin Trudeau to reporters in French as he was arriving at the Liberal caucus on Wednesday morning. “The choice we made since the beginning of the pandemic to invest to support Canadians, support small business, support families has resulted directly in a faster economic and jobs recovery.”Article content
After the fall economic statement, nearly $50 billion of these platform promises had not been budgeted yet. And that does not include the billions that have been added, here and there, to help provincial and territorial health sectors cope with delayed surgeries or to invest in the production of critical minerals for electric vehicles .Article content
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