By Staff The Canadian Press Posted April 16, 2024 4:21 pm Updated April 16, 2024 5:36 pm 1 min read Descrease article font size Increase article font size Here are some key numbers from the Liberal government’s federal budget: $535 billion: Total government spending for the 2024-25 financial year. $39.8 billion: The total deficit, just … Read more
The federal government is providing up to $5 billion in loan guarantees to help Indigenous communities invest in natural resource and energy products. But when it comes to a promise to close what advocates say is a sprawling Indigenous infrastructure gap, Ottawa is short more than $420 billion. Teased in last year’s fall economic statement, … Read more
The Liberals expect a new bid to curb smoking rates in the federal budget will generate $1.7 billion in new revenue for the government. The increased cash flow coincides with the launch of a new $1.5-billion drug plan to offer universal coverage for contraceptive and diabetes medications. Both programs were billed as new health measures … Read more
Finance Minister Chrystia Freeland is finally set to present the federal budget in the House of Commons on Tuesday afternoon, showcasing how the government plans to win back support from disgruntled Canadians worried about the cost of living. The Liberal government has already unveiled significant planks of the budget over the last few weeks during … Read more
The Liberals plan to include measures in the 2024 budget to make sure the wealthiest Canadians “pay more,” according to three government sources. But it remains unclear exactly how the government plans to do that or what measures are being considered. Over the last few weeks, Prime Minister Justin Trudeau and his cabinet ministers have … Read more
With the unveiling of the 2024 federal budget just around the corner, Canadians may be anxiously awaiting insights into the government’s plans for tackling the ongoing strains on the nation’s health-care system. The federal budget is set to be tabled Tuesday, with the Liberal government already unveiling plans for a national food program as well … Read more
The Liberal government’s plan to allow some first-time homebuyers to stretch their mortgage amortizations to 30 years will only improve affordability for a “sliver” of the housing market, according to a BMO economist. Finance Minister Chrystia Freeland announced Thursday that Ottawa would allow first-time buyers to take out an insured mortgage amortized over 30 years, … Read more
The federal government has announced a series of measures to make it easier for first-time buyers to break into the housing market with changes to the Home Buyers’ Plan and amortizations on some mortgages. Finance Minister Chrystia Freeland unveiled the changes Thursday morning, the latest housing-focused announcement ahead of her tabling the 2024 federal budget … Read more
By Staff The Canadian Press Posted April 9, 2024 10:31 am 1 min read Descrease article font size Increase article font size Ottawa is setting up a $500-million fund to help community health organizations provide more mental health care to young people. Finance Minister Chrystia Freeland made the announcement Tuesday in Ottawa alongside other cabinet … Read more
Defence Minister Bill Blair unveiled Monday $7.9 billion in new spending on the Canadian Armed Forces over the next five years in a long-promised update to Canada’s defence policy, but this will still not meet the country’s target under NATO. By the end of the new five-year plan in the 2029-30 fiscal year, Canada is … Read more
