Here's what to expect in the 2024 federal budget
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Deputy Prime Minister and Finance Minister Chrystia Freeland will be presenting the 2024 federal budget on Tuesday, revealing how the federal Liberal government intends to balance the nearly $40 billion in pre-announced new spending with her vow to remain fiscally prudent.
Deputy Prime Minister and Finance Minister Chrystia Freeland will be presenting the 2024 federal budget on Tuesday, revealing how the federal Liberal government intends to balance the nearly $40 billion in pre-announced new spending with her vow to remain fiscally prudent.
Amid calls for a concerted focus on boosting Canada's productivity, Freeland has said the full picture of the state of the country's finances will focus on "building more homes, faster, making life more affordable, and creating more good jobs."
Declaring that the country is at a "pivotal moment" that requires urgent investment, the federal government is planning to introduce a bevy of measures in Tuesday's budget to help put a dent in Canada's housing crisis and win back straying millennial and Generation Z voters.
However, the new spending is coming amid concerns over a sizable federal deficit and remaining uncertainty around the degree of provincial and territorial buy-in for some of the bigger-ticket loan offerings the Liberals have previewed as coming in the budget.
How Freeland intends to uphold her commitment to maintain a declining deficit-to-GDP ratio and keep deficits below one per cent in the years ahead is going to be one of the key areas of focus for those scrutinizing the federal balance sheet when it is presented on Tuesday.
While Prime Minister Justin Trudeau has ruled out raising taxes on Canada's middle class, Freeland won't say whether the budget could include new or higher taxes for wealthier Canadians or corporate Canada, nor has she shed any light on where additional revenue may be found.
Traditionally, governments have held budget news — save for some pre-tabling leaks — for the day the document is tabled in the House of Commons. However, the federal Liberals deployed a new pre-budget communications strategy this year.
One of Canada’s most wanted fugitives, who is accused of murder in a 2024 Toronto shooting, has been arrested in the United States, Toronto police say.
Manitobans are being warned to prepare for closures and cancellations later this week as a wallop of winter weather hits the province.
A Lloydminster man has been charged with second-degree murder in the fatal highway shooting of an Edmonton man.
Charges are pending against a 34-year-old man in connection with a stabbing in southeast Calgary.
Style advisor Dale Olsen says he doesn’t distinguish between party colours, but he doubts British Columbia Premier David Eby is well qualified to act as the fashion police.
A fire broke out early Tuesday morning at a home on Whitcombe Way in Morriston.
Monday was the final day on the job site for many Algoma Steel employees. Hundreds of Algoma employees worked their final shift in the last four days, part of the 1,000 job cuts announced late last year.
Londoners will be waking up to some sunshine Tuesday morning, but it will be quite brisk.
A snowy weather system has closed some schools and disrupted ferry crossings in Nova Scotia.
Celebrity food critic Keith Lee said he might have had the 'best pho' of his life at a family-run Vietnamese restaurant in Toronto.
A federal union is calling on the federal government to follow the advice of the world’s energy watchdog and allow public servants to work from home. as gas prices sit at the highest level in two years.
Agricultural land prices in Canada continued to climb last year, but some regions saw more of an increase than others, says a new report by Farm Credit Canada.
Recordings captured the moments before the crash, when one controller could be heard granting permission to the fire truck to cross the runway, before he urged the vehicle to stop, but it was too late to avoid the collision, which claimed the lives of both pilots on board.