Former finance minister says Freeland faces tough choices on 2023 budget
BNN Bloomberg
The federal Liberal government faces tough choices as it crafts a 2023 budget in a high-interest rate, high-inflation environment, a former finance minister said Thursday.
John Manley, now a senior advisor at Bennett Jones, spoke with BNN Bloomberg about the challenges Finance Minister Chrystia Freeland faces as she crafts a budget that makes good on spending commitments and applies “fiscal restraint” needed to bring down high inflation.
“She's got some tough decisions to take,” Manley said in a television interview.
Freeland has said she plans to take a “fiscally prudent approach,” but Manley referenced big spending priorities like the promised billions of dollars in health-care transfers to provinces and funding that many see as necessary for Canada to keep up with the U.S. in the transition to a carbon-neutral economy.
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Oil prices rise and stocks fall as war with Iran still advances despite Trump’s talk of negotiations
U.S. markets ticked slightly lower and oil prices rose early Tuesday as the war in the Middle East continued a day after U.S. President Donald Trump said the United States had made progress in talks with the Islamic Republic to end the conflict.
U.S. markets ticked slightly lower and oil prices rose early Tuesday as the war in the Middle East continued a day after U.S. President Donald Trump said the United States had made progress in talks with the Islamic Republic to end the conflict.
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Global benchmarks mostly rebounded Tuesday, in a mood of cautious relief after U.S. President Donald Trump said the United States has talked with Iran about a possible end to their war.
It’s that time of the year again, tax time, a time to file your annual return with the Canadian Revenue Agency.