Canada is ready to weather the harsh winter winds cooling the global economy, despite being set for “significantly weaker growth,” according to the government’s fall economic statement on Thursday.
Finance Minister Chrystia Freeland delivered the statement in the House of Commons, who said it keeps the government’s fiscal “powder dry,” reserving major spending items for the next federal budget in the spring. But it contains a few targeted measures such as boosts for low-wage workers and student loan interest relief to support Canadians struggling with inflation and interest rates.
It is that very risk of stubborn and prolonged inflation — and the monetary tightening needed to stamp it out — that informs Ottawa’s fiscal path.
The Trudeau government’s fiscal update included a focus on driving investment in Canada’s clean energy industries in response to new American tax incentives signed into law in August in the Inflation Reduction Act. Freeland said this included tax credits for clean technology and clean hydrogen to attract more companies. She also announced a Canada Growth Fund to attract money in private capital to fight climate change and create jobs.
Freeland’s update also included announcing the elimination of the federal portion of interest on student loans, effective April 1, 2023, the day after the current freeze on interest expires.
For more info, please go to https://globalnews.ca/news/9244708/canada-fall-economic-statement-2022-recession-chrystia-freeland/
00:00:00 – Start
00:30:34 – Conservative MP Jasraj Singh Hallan responds to fall economic statement
00:32:40 – Bloc Quebecois MP Gabriel Ste-Marie responds
00:36:25 – NDP MP Daniel Blaikie responds to the fiscal update
00:41:02 – Conservative Party Leader and Leader of the Official Opposition Pierre Poilievre delivers response to fall fiscal update
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money which a lot of children never see it
And here’s another question.
Why do MPs for all parties speak both English and French except for the block Québécois who speak only French.
I thought they demanded that that this country be bilingual? If that is the case it works both ways they should start speaking some English as well!
What a load of bull we are still waiting for the economy to be turned back on. These “Recession fears” are lies, fabricated by the LNDP and their media shills to cover up the gross and criminal mismanagement of this country. Canada can be a global energy leader but we are stuck with an anti-progress anti-work gov’t. Energy demand is high and we have the oil and the gas and the people who have the expertise and willingness to work. We have an obstructionist coalition gov’t hell bent on staying in power by creating welfare dependency to buy votes.
why does this guy not speak english should not work in cabinet
Liberal party and their NDA protected pedo leader = train wreck for Canada since being voted into office
Why does the audio go crappy once the Liberals left the room. Global News I am questioning your motives.
This is what insanity looks like.
💩🤮🪠🧻🚽
get your wallets ready " Every One in Canada will get 1 million dollar from the federal government which is what we need to survive this days😁😉
OMG… never before in Canada’s history the need of a vote of non confidence has become a national emergency.
Yup masks are off we are ruled by the beast
Look at Fidel Jr being the perfect communist sitting there!!
Criminal
She belongs in Disneyland, fairytales are her specialty.
Canadas "inflation reduction act" lol.
We're getting sick every time we see the same faces especially this corrupted liberals government we need change
We need change
We need change
Change… change…change
Enjoy the trip, its going to be quite the "Fall"
Oh my gods, what a condesending attitude spewing from this woman. She the finance minister is the creator of this inflation, unbelievable arrogance 🤬
Despite the economic crisis, this is a good time to invest Dogecoin, bitcoin and forex.
🤣😂Wait??? So are we still PRETENDING that we are not in a recession NOW?
I tried to listen to the Wicked Twitch of Parliament Hill but couldn't.
Checked out around a minute 15 seconds.
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She’s difficult to listen to, in English or French.
She comes off as insincere.
Canadians and Quebecers meaning please (or just separate already then)
Every time I see Trudeau's snug smirking face a little bit of puke rises in the back of my throat!
These past few days watching my crypto portfolio decline is very disheartening. Holding doesn't really profit much. Any ideas on how to earn better on the short run?
Trudeau can you please send all these dirty people tf home why the hell they washing there feet in sinks that is disgusting wonder why all of canada needed vaccines these people are the dirtiest wear a towel on there head and wash there feet in your sink then they give you foot and mouth disease NASTY make them fight for us before you give them everything they don't deserves 😒
News / media propping up governments when will the media ever be truly be independent and value what the voters want not the paymasters…..
They say Canada will be in a mild recession but I call it a depression. People can barely even afford the cost of gas and groceries that keep going up and up.
Don't kid yourself, Trudeau will "win" again with those fake mail-in ballots 📦