‘A Pause, Not a Pivot’: What Business and Economists Are Saying About Freeland’s Fiscal Update

Finance Minister Chrystia Freeland’s fall update on the economy revealed government finances are in better shape than previously projected. The statement leaned heavily on the side of an update, announcing few new budgetary measures. The expected deficit is lower than previously forecast in the April budget, dropping from $154.7 billion to $144.5 billion. New budget items include $31 billion on pandemic-related spending over six years and $40 billion on addressing Indigenous issues. Read More