Good morning. When the dust settled on a tornadic day in Ottawa, the federal government had a new Finance Minister and a fresh economic statement promising relief for cash-strapped Canadians. Today, we look at the man the Prime Minister tapped to take on the country’s most important economic portfolio – and the promises he’s suddenly on the hook to deliver.over whether Governor Tiff Macklem will cut the bank’s benchmark rate further or hit pause at its next rate announcement on Jan. 29.
“The fact that we have another person who doesn’t have a lot of finance experience is not the greatest thing,” Greg Taylor, chief investment officer at Purpose Investments, told The Globe’s Andrew Willis. RioCan REIT founder Edward Sonshine posited that LeBlanc is a “placeholder” ahead of the next federal election. And as trade negotiations intensify with Trump, LeBlanc’s appointment seems to have struck Sonshine as uninspiring. “They’re going to make chopped liver out of us.”As personal economics reporter Erica Alini writes, there are key measures from the economic update affecting Canadians’ finances.
The Canada Revenue Agency would send eligible Canadians a pre-filled return based on information it already has, then give the recipients an opportunity to modify the documents or opt out of automatic filing. Those who do not opt out would have their returns filed on their behalf by the tax agency.
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