Finance Minister Chrystia Freeland will finally present the federal budget in the House of Commons this afternoon, showcasing how the government plans to win back support from disgruntled Canadians worried about the cost-of-living. Freeland speaks during a press conference regarding Canada's new defence policy at CFB Trenton on Monday, April 8, 2024. THE CANADIAN PRESS/Sean Kilpatrick
The government's new housing measures are summarized in a 28-page document published Friday, which Trudeau called "the most comprehensive and ambitious housing plan ever seen in Canada." Much of the budget is aimed at giving hope to younger Canadians who have come of age during a tumultuous economic era, Trudeau said on Monday, and "now feel like middle-class stability is out of reach.
With inflation still above the Bank of Canada's target, deficit spending could keep price growth elevated and delay the central bank from cutting interest rates. The Liberal government will likely benefit from stronger-than-expected economic growth that will give it some extra fiscal room in the federal budget. The prime minister and finance minister have both ruled out raising taxes on the middle class to pay for new spending.New public opinion polling conducted by Leger shows two-thirds of Canadians would prefer that the government find savings elsewhere to pay for new spending.
An overwhelming majority — 78 per cent — supported a wealth tax on Canadians worth $10 million or more. However, the Leger polling suggests there's a disconnect between Canadians' perception of the federal government's performance and their support for specific measures proposed by the Liberal government.
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