But with an economic downtown expected next year due to aggressive interest-rate hikes, the update will also come with uncertainty over how hard the landing will be.
Freeland’s update will continue along that same path, according to one official familiar with its preparation. The document will elaborate on how the government’s measures will help Canadians cope with 40-year-high inflation, but won’t promise costly new programs as the finance minister emphasizes spending restraint. There are already signs of how the revenue windfall from inflation and higher energy prices is improving the government’s bottom line.
But economic headwinds are building. The Bank of Canada delivered a smaller-than-expected rate hike on Wednesday and revised down its growth forecasts, predicting the economic expansion will stall and possibly even contract in coming months.
Trudeau is attempting to strike a balance between skyrocketing consumer prices while not adding fuel to inflation with excessive spending
Yes our debt is only going up 145 million per day.
Surging revenue you say? And where exactly is that coming from Could it be from, oh you know, the Fossil Fuel industries bolstering the budget
Surging from… inflation? Revenues directly, and indirectly from fossil fuels? From energy?