Many economists and industry groups are calling on Freeland to establish clear fiscal targets and a long-term plan to return to economic growth, saying that a failure to address sky-high spending could have painful consequences.
Freeland has long been viewed as one of Trudeau’s trusted ministers, overseeing the negotiation of a new NAFTA deal with a bellicose U.S. President Donald Trump. She has also been outspoken about the need for social reforms, and penned a book in 2012 that focused exclusively on the problem of wealth inequality and how to address it.
The Trudeau government has long claimed that it could expand social spending while also practising fiscal responsibility, running successive deficits while its debt-to-GDP ratio continued to hover around 30 per cent. At the same time it introduced a modest tax cut for middle-income earners. Chrystia Freeland, deputy prime minister, elbow bumps Prime Minister Justin Trudeau after she is sworn in as finance minister at Rideau Hall in Ottawa, August 18, 2020.In an open letter to Freeland on Tuesday, the Business Council of Canada called on her to adopt “clear fiscal targets that provide a frame of reference against which to judge the incessant calls for new spending.”
Observers are uncertain over whether Freeland will push back against the high-spending instincts of the Prime Minister’s Office. A number of media reports in recent days suggested that Morneau had sought to establish lower spending thresholds for major financial assistance programs like the $2,000-per-month Canada Emergency Response Benefit , but was ultimately rejected.
Thank GOD! Canada is a Zero Influence and Pathetically Powerless Country and cannot do Damage on a Global Scale!!
She could always get the oil patch back to work....
Isn’t she the same Minister who cried during trade negotiations with Belgium? Literally cried? Someone remind me what her actual finance credentials are?
It’s basic math
There really only is one choice
She will do an excellent job!
That hot potato Freeland was handed is actually a hand grenade. If she does come out of this with egg all over her face I’ll be very surprised.
She can barely stand on a box, let alone stand up to dick smash trudeau, this is all done on Sept 23.
Not a tight spot for liberal_party they will simply increase GST, cap gains tax, house tax, wealth tax, etc. No problem.
Incredibly stupid “Green” policies will put Canada on the brink of bankruptcy
ZERO experience for this position!!!TrudeauCorruption TrudeauWorstPM WEscandal
Trash
Define difficult spot
Mali perogied along with Trudeaus today....🤷
Well the fact she has zero experience in finance should help.
What a shame for Canada
Think positive! She didn’t started yet and all this putting her down is not good!
There will be no fiscal restraint or did you not listen to Trudeau's speech? No taxes, more spending. That means we are now embracing modern monetary theory. Welcome to Marxism in Canada.
'Fiscal restraint' isn't part of the liberal vocabulary. Do people realize her 'green deal' will finish bankrupting our economy? Over a trillion in debt from Morneau & now we have a journalist make promises that could possibly cost us twice that.
Fiscal restraint always loses unfortunately
she'll just do what ever he wants. does she get double the salary then? expect a lot more spending to go on, not for us probably but other nations
'Freeland echoed the prime minister in saying that Canada’s plan for the future needed to be green, equitable, inclusive' We are beyond effed.
She sold herself out
What a joke
She got all painted up and washed her hair.
Poor poor Chrystia...in a difficult spot.
Only in Canada can a journalist become a Finance Minister with absolutely zero prior history in finance Because it's 2020
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Source: HuffPostCanada - 🏆 61. / 53 Read more »
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