The Daily Chase: From foreign homebuyers ban to bank tax details, it's budget day in Canada
BNN Bloomberg
Our coverage will be focused on whether the economy will be better off based on what’s in the budget, how it will affect household finances, and what it means for Corporate Canada,
It’s budget day in Canada.
We already know, thanks to our CTV News colleagues, that we’ll get details today on the government’s strategy for addressing housing affordability by targeting certain foreign homebuyers and throwing billions of dollars at various strategies for boosting supply. There will also be new numbers attached to the targeted surtax on the most profitable banks and insurers (despite warnings about unintended consequences). And $8 billion is said to also be earmarked for defence spending, which still won’t put Canada at the NATO goal of two per cent of GDP.
And yet there are still so many unknowns, including:
At the end of the day, our coverage is focused on whether the economy will be better off based on what’s in the budget, how it will affect household finances, and what it means for Corporate Canada, which has already seen one of its pillars singled out for being highly profitable.
Jon Erlichman leads our special coverage starting at 3:30 p.m. We’ll have a small army in the lockup so we can burst out of the gate with comprehensive reporting live on air and online at BNNBloomberg.ca. And our elite team of producers has lined up a stellar guest lineup that you won’t want to miss.
FEDS APPROVE BAY DU NORD
