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canadian press
Posted: Nov 2, 22 14:1402
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Federal opposition parties have laid out their priorities ahead of the government’s budget update this fall, with the Conservatives calling on the Liberals to curb new spending and the NDP expressing concern about a possible recession.
Treasury Secretary Chrystia Freeland will release her fall economic statement in her House of Representatives on Thursday, outlining the state of federal finances.
In a letter to Freeland on Sunday, Conservative leader Pierre Polivre urged the government not to introduce new taxes and refrain from new spending unless other budget cuts are made.
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New Democrat Leader Jagmeet Singh also wrote a letter to the prime minister, calling on Justin Trudeau to address “corporate greed” and immediately reform the employment insurance program.
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Freeland has indicated she will be prioritizing fiscal discipline as the Bank of Canada raises interest rates to bring down high inflation, and has said the government will not be able to compensate all Canadians for the rising cost of living.
While speaking in Windsor, Ont., last month, Freeland said the fiscal update will focus on the economy Canada is trying to “seize” for the future — one that is heavily focused on clean power, electric vehicles, battery manufacturing and critical minerals.
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