Thursday, March 28, 2024
ADVT 
National

Fiscal update coming Dec. 14: Freeland

Darpan News Desk The Canadian Press, 02 Dec, 2021 01:26 PM
  • Fiscal update coming Dec. 14: Freeland

OTTAWA - The Trudeau Liberals will provide an update on the health of federal finances on Dec. 14.

The document will also provide the government's outlook for an economy facing high inflation rates, flooding in British Columbia and the emergence of a new variant of COVID-19.

Finance Minister Chrystia Freeland says the government knows it is important to be transparent about the country's finances.

Higher oil prices among other economic factors are expected to pad the government's bottom line by several billion dollars, giving the Liberals extra budgetary breathing room.

The Liberals have promised to spend $100 billion in stimulus, and pledged billions more in the election campaign, which has stoked warnings from experts that too much spending could fan inflation.

Rebekah Young, Scotiabank's director of fiscal and provincial economics, says messages coming out of the Finance Department point to plans to release a minimalist update instead of one with many new spending measures.

 

MORE National ARTICLES

Not all airports ready for COVID-19 tests: Duclos

Not all airports ready for COVID-19 tests: Duclos
Ottawa announced on Tuesday that all air travellers entering Canada, except for those coming from the U.S., would need to be tested for COVID-19 upon arrival at the airport and isolate until they get their results, even if they are fully vaccinated against the virus.

Not all airports ready for COVID-19 tests: Duclos

COVID-19 detected in wild Canadian deer

COVID-19 detected in wild Canadian deer
For the first time, the COVID-19 virus has been detected in Canadian wildlife. Environment Canada says the virus was detected late last month in three wild white-tailed deer in Quebec.

COVID-19 detected in wild Canadian deer

The window for COVID boosters: experts weigh in

The window for COVID boosters: experts weigh in
British Columbia's website says eligibility will expand to those 18 and older as of January and Ontario hinted earlier this week that larger segments of the population could soon be included in its booster rollout.

The window for COVID boosters: experts weigh in

Ottawa, provinces mull COVID-19 tests for U.S.

Ottawa, provinces mull COVID-19 tests for U.S.
It's too early to say whether Canada's latest requirement to test arriving air travellers for COVID-19 will be extended to include those coming from the United States, Transport Minister Omar Alghabra said Wednesday. The federal government is in discussions with the provinces on that issue but is ready to act to implement such a requirement for incoming U.S. air travellers if necessary, he said.

Ottawa, provinces mull COVID-19 tests for U.S.

Young Canadians file suit over voting age

Young Canadians file suit over voting age
Several young Canadians are taking the federal government to court in an effort to strike down the minimum voting age. They argue that denying citizens under the age of 18 the right to vote in federal elections is unconstitutional.

Young Canadians file suit over voting age

Ng, Tai chat amid Canada-U.S. trade tensions

Ng, Tai chat amid Canada-U.S. trade tensions
Mary Ng met virtually Tuesday with U.S. Trade Representative Katherine Tai to talk about a number of festering trade irritants, including Canada's "significant concern" with a proposed tax credit for electric vehicles.

Ng, Tai chat amid Canada-U.S. trade tensions