The fiscal update will also share the government’s outlook for an economy facing high inflation and staring down a potential recession in the coming months.Sign up to receive daily headline news from the Ottawa SUN, a division of Postmedia Network Inc.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc. You may unsubscribe any time by clicking on the unsubscribe link at the bottom of our emails. Postmedia Network Inc.
Monthly updates from the Finance Department have shown that federal finances have been improving as revenues have risen and pandemic spending has wound down. In the Liberals’ spring budget, the fiscal focus was on making life more affordable for people and giving a long-needed boost to Canadian productivity.
It is widely anticipated that next week’s fiscal update will show how Canada intends to respond to the Inflation Reduction Act in the U.S., as a way to remain competitive when it comes to attracting investments in green energy.