Close X
Saturday, January 11, 2025
ADVT 
National

Freeland hints budget focus on economic growth

Darpan News Desk The Canadian Press, 31 Jan, 2022 04:26 PM
  • Freeland hints budget focus on economic growth

OTTAWA - Finance Minister Chrystia Freeland says making homes more affordable to buy and boosting the country's economic potential will be key considerations in this year's federal budget.

Freeland laid out the broad strokes of the spending plan as she launched the government's pre-budget consultations that will run until late February.

During a late afternoon news conference, Freeland said she thinks the budget should place a priority on making Canada more competitive and innovative, and fund a transition to a green economy.

She also says the Liberals must keep in mind the effects the budget could have on already high inflation rates in an economy that is entering 2022 on strong footing.

The Bank of Canada said last week the economy overall appears to have hit its productive capacity, leading to a scenario where too much government stimulus could boost consumer spending and add to inflation strains.

The Finance Department is projecting the deficit in the next fiscal year to hit $58.4 billion, down from the $144.5 billion for the year ending March 31, but that doesn't include any spending promises the Liberals made on the campaign trail.

MORE National ARTICLES

500 COVID19 cases for Tuesday

500 COVID19 cases for Tuesday
There are currently 4,301 active cases of COVID-19 in the province, and 203,375 people who tested positive have recovered. Of the active cases, 426 individuals are currently in hospital and 124 are in intensive care. The remaining people are recovering at home in self-isolation.

500 COVID19 cases for Tuesday

Waive patent on COVID-19 vaccine: Bolivia

Waive patent on COVID-19 vaccine: Bolivia
The Bolivian government struck a deal with Ontario's Biolyse Pharma to seek a compulsory licence to produce and export COVID-19 vaccines without the permission of the patent holder.    

Waive patent on COVID-19 vaccine: Bolivia

Logging truck collides with B.C. RCMP vehicles

Logging truck collides with B.C. RCMP vehicles
The RCMP say the officers were driving along a logging road near Port Renfrew, where they were heading to enforce a court injunction against blockades set up to protest old-growth logging.

Logging truck collides with B.C. RCMP vehicles

No agreement to support Liberals on table: Singh

No agreement to support Liberals on table: Singh
The NDP leader says he would be open to a looser agreement to support legislation — such as measures to make housing more affordable — on a case-by-case basis.

No agreement to support Liberals on table: Singh

CMHC to create more green housing programs

CMHC to create more green housing programs
While the agency does have decent measures for energy efficiency and overall energy performance of a building, he says there are other variables in assessing a home's environmental sustainability that have yet to be scoped.

CMHC to create more green housing programs

Canada ranks sixth in global drug policy index

Canada ranks sixth in global drug policy index
The majority of the 30 countries included in the study received failing grades, with a median score of 48 out of 100. Canada hit 56 out of 100, with a lot of points deducted for how its drug policies disproportionately target racialized people.

Canada ranks sixth in global drug policy index