As Freeland takes finance job, crisis will dictate spending plans, experts say

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Perrin Beatty was on his way home from the office when his phone rang. It was Chrystia Freeland, who 24 hours earlier had become Canada's finance minister. For the president of the Canadian Chamber of Commerce, the call signalled how Freeland will approach her new portfolio -- reaching out to multiple stakeholders and listening to ideas before embarking on a path forward.

Deputy Prime Minister and Minister of Finance Chrystia Freeland responds to a question during a news conference Thursday August 20, 2020 in Ottawa. THE CANADIAN PRESS/Adrian WyldOTTAWA -- Perrin Beatty was on his way home from the office when his phone rang. It was Chrystia Freeland, who 24 hours earlier had become Canada's finance minister.

Elliot Hughes, a former Morneau adviser now at Summa Strategies, said this suggests the Liberals plan to double down on their existing approach. "Just because she has questioned the plutocrats ... I don't think that necessarily means she's going to be anti-business," Hughes said. Yussuff and others said Freeland identified pressure points and political nuances on the American side to use as leverage during negotiations, all the while doing her homework and seeking input from businesses, labour, premiers and MPs.

Federal spending has rocketed through the course of the pandemic with the deficit to $343.2 billion and debt to $1.2 trillion -- both record highs. Rebekah Young, director of fiscal and provincial economics at Scotiabank, said the deficit and debt levels will likely act as a constraint on any new spending plans Freeland crafts because they can also slow growth in the long run.

 

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I see no financial background oh her resume 🤔

I expect some bastardized version of a UBI in order to buy support from theJagmeetSingh and the NDP and extreme push towards so called “green” infrastructure to buy support from the CanadianGreens Also for CdnPressNews to keep publishing anonymous Trudeau friendly garbage

No shit

A woman with the country's credit card and nothing to do all day but shop. What could possibly go wrong? cdnpoli TrudeauMustGo

Kay dont give anything to cops

Boy that Russian Literature and Slavic studies degree will come in handy with our county’s Finances

Group hug squishy feelings and Kumbaya will dictate policy under these fnuts. Logic, rational thought, responsible economic sense will not.

Bullshit! Trudeau doesn't even allow his servants to make him breakfast without a poll approving his choice of sides, Freeland will decide exactly what she's told to, thats why she's there. Even Trudeau's fellow WE plunderer Morneau wouldn't sign off on LPC environmental stupid.

If you’re referring to the WEscandal crisis, then yes, I agree with your headline!

Made up fake issues like the world is ending tomorrow from climate change?

Picking this Grandpa Munster looking Talking Head as Finance Minister shows how Talentless Canada Is!!!

Zero financial competence! Trudeau is pushing for Canazuela. Pro and deep socialist country. He'll pay off the other parties with huge dollars to get the confidence vote and if we do go to an election we need to remove him with full Canadian patriot confidence.

Having a child who couldn’t run a lemonade stand will not end well

Trudeau's Marxist Socialism will dictate. Like it has for the last 4 and a half years.

I’m VERY worried about the direction Trudeau will take Canada on. We were already in economic trouble & social disarray B4 COVID19 hit Canadians Morneau’s Growing deficits, paid agitators blocking our transportation,streets,burning down rail lines in Feb. It will B worse

George Soros in a dress.

Freeland will turn Canada's finances over to the banks and psychopathic privatizers just like she turned Canadian foreign policy over to Mike Pompeo.

How does someone with no finance experience get a finance minister job, yet with just a high school diploma you apparently can’t be the CEO of any of the major 5 banks ...or the next 20 cdnpoli

She’s got this.

I expect they will propose some bastardized version of a UBI in order to buy support from theJagmeetSingh and the NDP Add an extreme push for “green” energy to buy support from the CanadianGreens Cost of living and taxes go up Debt increases Future generations pay the price

you spelled New World Order wrong. it prefers not to be called 'crisis'.

No, Liberals and NDP will dictate spending plans using the (quickly fading) crisis as pretext.

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The finance minister and the PM: Trudeau and Freeland face a political dynamic that breeds frictionSome suspect her ambition may be why Freeland, with no financial background, was given the portfolio: to keep her fortunes tied to Trudeau, and where he can keep an eye on her bullshit PM blackface JustinTrudeau and cafreeland will bring in a New Green Deal and bankrupt Canada. Lying, stealing, and mismanagement can create friction
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