Finance minister Freeland pledges fiscal prudence to avoid feeding inflation

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Finance Minister said she must show restraint because Canada\u0027s economy is at risk of sliding into a recession. Read more.

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Freeland made the comments after a meeting with her provincial and territorial counterparts in Toronto on Feb. 3. The main topics on the agenda were investments in the green transition and health funding for provinces, a long-standing issue that at times has created friction between the federal and provincial governments and one that was put into greater focus during the pandemic.Start your day with a roundup of B.C.-focused news and opinion delivered straight to your inbox at 7 a.m.

We know that one of the most important things the federal government can do to help Canadians today is to be mindful of our responsibilityThis advertisement has not loaded yet, but your article continues below.Nonetheless, Freeland acknowledged that her Liberal Party campaigned on promises to spend more on health and the environment, saying that “we will honour those commitments.”

Freeland said she had not presented anything specific on the health-care front, and was transparent about the federal government’s fiscal constraints and investment pressures.negotiating health-care transfers with the provinces. Premiers wanted the federal government to increase provincial funding by $28 billion a year, having Ottawa cover 35 per cent of health-care costs instead of its current 22 per cent.

Health care has emerged as a particular point of concern as hospitals have been overwhelmed and are continuing to grapple with ongoing COVID-19 cases. Quebec’s finance minister, Eric Girard, said a lot of these health-care transfer conversations depend on what the federal government will bring to the table when first ministers convene next week.Article content

 

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The Libs have run up more debt in Canada than we had from WW2! Now she wants to pull in her horns. What a joke they are! Elections matter!

What's changed? Right, her and her boss' approval rating. 👎👎👎

Why all of the sudden?

Trying to cover her ass for when things start to get real bad soon

The more you make talk the more things remain the same.Fiscal prudence is supposed to start with upper echelons of govt.They is more waste there.

Lol. While she tried stealing 2 billion.

Bit late nah?

finally admitting all the govt covid billions caused inflation around the world

Far too little, far too late.

What a stupid bitch

DoNotComply

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