The Liberal government’s 2024 federal budget tabled Tuesday held a clear focus on “fairness” among generations and efforts to make the housing market more affordable, particularly for younger Canadians feeling frustrated about their homebuying prospects. Experts who spoke to Global News after the budget’s release said there are signs of “hope” in the new spending … Read more
The federal government says the plan is to implement a long-promised national flood insurance program sometime next year, setting aside $15 million in the 2025-26 fiscal year in Tuesday’s budget. “This is part of a much wider plan, one where we’re looking at how do we do proper mitigation as well,” Emergency Preparedness Minister Harjit … Read more
The Liberal government delivered a federal budget on Tuesday geared towards young Canadians, proposing a spending plan that promises to do everything from make it easier to buy a first home to crack down on costly concert ticket fees. “We are acting today to ensure fairness for every generation,” Finance Minister and Deputy Prime Minister … Read more
The federal government plans to “urgently return” money collected through the carbon price’s fuel charge to small businesses, making good on a commitment from 2019 to return that money. Billed as the Canada Carbon Rebate for Small Businesses, the plan involves more than $2.5 billion that has been collected through the federal fuel charge in … 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
The Canadian Forces is facing “a death spiral” when it comes to recruitment, even as the government is “constrained” on more defence spending, Defence Minister Bill Blair says. Blair made those remarks after speaking to a crowd attending the Ottawa Conference on Security and Defence on Thursday, though stressed the government’s commitment to spend more … Read more
The federal government will table its 2024 budget on April 16, Deputy Prime Minister and Finance Minister Chrystia Freeland says. Freeland said in a news release Monday the budget will be released at 4 p.m. Eastern that day. “Our economic plan is about building more homes, faster, making life more affordable, and creating more good jobs,” she said. “This … Read more
