Freeland releases fall economic statement

Nov 3, 2022 | 4:26 PM

PRINCE GEORGE — In Ottawa today, federal finance minister Chrystia Freeland announced her fall mini-budget, and all eyes were drawn to its contents. With talks of a recession swirling in Ottawa, the government says that Canada is ready to face a weaker global economy.

Freeland said that the Liberals will reserve major spending until next spring’s federal budget, and that Canada will not be able to avoid a global economic slowdown. The federal government did not overtly state in its projections that Canada would fall into a recession, despite many banks and economists predicting that a recession is likely.

Todd Doherty, MP for Cariboo-Prince George says that this mini-budget does not do enough for mental health.

“Re-announcing funding for more existing mental health apps makes for a great soundbite but does nothing to alleviate the longstanding deficit we are currently witnessing in services.” – MP Todd Doherty

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The Canadian Taxpayers Federation also believes that Ottawa and the finance minister are not practicing fiscal restraint in regards to this budget and that it will not benefit taxpayers.

Franco Terrazzano, federal director of the CTF says that this mini-budget will end up costing taxpayers $20 billion dollars and will do nothing to maintain fiscal restraint with Canada in a difficult economic period.

by Adam Berls

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Freeland releases fall economic statement

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