Fall economic statement: $61.9B deficit for 2023
- The Department of Finance reported a deficit of $61.9 billion for 2023-24 in the Fall Economic Statement.
- The projected deficit exceeds the $40.1 billion pledge by $21.8 billion, according to the Fall Economic Statement.
- The government’s economic plan focuses on 'generational investments', 'securing Canada’s AI advantage', 'overcoming geopolitical risks and uncertainty', and 'investments for the industrial transition'.
- The forecast may be overly optimistic due to potential tariffs from the U.S. and global economic uncertainty.
48 Articles
48 Articles
The outgoing Minister of Economic Affairs, Martin Kocher, believes that the turquoise-green government is innocent of the loss of competitiveness and defends the funding policy of recent years. Criticism by the SPÖ and FPÖ of the high budget deficit is "oblivious to history".
Government releases fall economic statement – highlights investments in child care and dental care but comes with higher deficit
Chrystia Freeland’s surprise resignation as Canada’s finance minister has added political drama to the federal government’s latest fall economic statement, which reveals a $61.9-billion deficit for 2023-24. Freeland announced her decision on social media just hours before the statement’s release on Monday, leaving Government House Leader Karina Gould to table the document in her place. The 270-page economic update highlights Ottawa’s plans for “…
Housing initiatives take centre stage in Fall Economic Statement amid political turmoil - Mortgage Rates & Mortgage Broker News in Canada
It was a dramatic day in Ottawa as Finance Minister Chrystia Freeland resigned from cabinet just hours before she was scheduled to deliver the government’s Fall Economic Statement (FES).
Liberals unveil massive deficit in last-minute economic statement after Freeland "resigns"
After removing Finance Minister Chrystia Freeland from her role, the Liberal government under Prime Minister Justin Trudeau released its fall economic statement on Monday, revealing a deficit far exceeding what they previously promised. Liberals unveil massive deficit in last-minute economic statement after Freeland “resigns” This economic update, which was tabled by Government House Leader Karina Gould rather than the usual Finance Minister Ch…
Trudeau BLOWS through his deficit guardrail
From the Canadian Taxpayers Federation By Franco Terrazzano The Canadian Taxpayers Federation is demanding spending cuts after the federal government broke through its own budget guardrail by running massive deficits and wasting $1 billion every week on debt interest charges as outlined in today’s Fall Economic Statement. “Prime Minister Justin Trudeau went $20 billion over budget with his deficit,” said Franco Terrazzano, CTF Federal Director. …
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