OTTAWA — Finance Minister Chrystia Freeland is expected to table the federal government's fall economic statement on Nov. 21, a mini-budget that will serve as an update on federal finances and contain new measures that reflect the government's priorities.
The federal government is also facing fiscal pressures from a slowing economy and scrutiny for excessive government spending.The Canadian economy is staring down a potential recession as high interest rates weigh on economic growth. The economic contraction is expected to affect federal revenues, giving the government less room to finance new measures.
"Economists now expect that economic activity is much weaker in 2024 than the federal government anticipated in budget 2023, which is going to ultimately weigh on revenues and lead to a larger deficit than was anticipated at the time in the budget," Bartlett said.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Finance Minister Chrystia Freeland to table Liberals' fall economic statement Nov. 21Finance Minister Chrystia Freeland is expected to table the federal government's fall economic statement on Nov. 21.
Source: BNNBloomberg - 🏆 83. / 50 Read more »
Finance Minister Chrystia Freeland to table Liberals' fall economic statement Nov. 21OTTAWA — Finance Minister Chrystia Freeland is expected to table the federal government's fall economic statement on Nov. 21.
Source: PGCitizen - 🏆 65. / 51 Read more »
Finance Minister Chrystia Freeland to table Liberals' fall economic statement Nov. 21OTTAWA — Finance Minister Chrystia Freeland is expected to table the federal government's fall economic statement on Nov. 21.
Source: BurnabyNOW_News - 🏆 14. / 77 Read more »
Finance Minister Chrystia Freeland to table Liberals' fall economic statement Nov. 21OTTAWA — Finance Minister Chrystia Freeland is expected to table the federal government's fall economic statement on Nov. 21.
Source: timescolonist - 🏆 15. / 75 Read more »
Finance Minister Chrystia Freeland to table Liberals' fall economic statement Nov. 21OTTAWA — Finance Minister Chrystia Freeland is expected to table the federal government's fall economic statement on Nov. 21.
Source: SooToday - 🏆 8. / 85 Read more »
Finance Minister Chrystia Freeland to table Liberals' fall economic statement Nov. 21OTTAWA — Finance Minister Chrystia Freeland is expected to table the federal government's fall economic statement on Nov. 21.
Source: sudburydotcom - 🏆 6. / 89 Read more »