Friday, May 30, 2025

Latest

Where Is the Fall Economic Update? Freeland Blames Delay on Conservatives

Canadian Finance Minister Chrystia Freeland declined Tuesday to commit to releasing the government’s traditional fall economic update, citing an ongoing Conservative Party filibuster in Parliament over transparency concerns.

The delay comes as Canada faces mounting fiscal challenges, with economists projecting larger budget deficits than initially forecast. The 2023-24 fiscal year deficit is expected to exceed the government’s $40 billion target, with preliminary data suggesting it could reach $50 billion.

“We are very keen to deliver a fall economic statement,” Freeland told reporters, but blamed the parliamentary impasse for hampering the government’s ability to proceed. The Conservative-led filibuster stems from the Liberal government’s reluctance to release documents related to a conflict-of-interest case concerning the so-called “green slush fund.”

Freeland also announced that the final figures for the fiscal year ended March 31 would be released by December 31, notably later than the usual October or November timeline for the public accounts report.

The delays in financial reporting come at a critical time for Canada’s economy. Recent analyses from major financial institutions paint a concerning picture. Desjardins Group warned that fiscal policy under the minority Liberal government “looks increasingly adrift,” while Royal Bank of Canada identified a potential C$20 billion shortfall in government budget planning through 2029.

The government faces additional pressure from President-elect Donald Trump’s threats to impose a 25% tariff on Canadian imports unless the country addresses border security concerns, potentially requiring increased spending on military and border measures.


Information for this story was found via the sources and companies mentioned. The author has no securities or affiliations related to the organizations discussed. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Leave a Reply

Video Articles

How To Profit From $3300 Gold? An Inside Look At A Massive 300,000 Oz Project | Martino De Ciccio

We’re At The Start of a Great Silver Boom | Ross McElroy & Andy Bowering – Apollo Silver Corp

Equinox Gold Q1 Earnings: When Everything Goes Wrong

Recommended

Sterling Metals Hits 0.21% Copper Over 482.8 Metres In First Drilling At Soo Copper project

First Majestic Makes Second Major Discovery At Santa Elena In Just A Year

Related News

Freeland Open To Scrap Her Own Party’s Carbon Tax Plan If She Becomes The Next Prime Minister

Former finance minister Chrystia Freeland appears poised to abandon the consumer carbon tax if she...

Saturday, January 18, 2025, 09:31:00 AM

Chrystia Freeland Wants $2 Billion+ For Non-Existent ‘Green’ Corporation

Finance Minister Chrystia Freeland has quite the ambitious plan for Canada’s transition towards a green...

Sunday, December 25, 2022, 09:00:00 AM

Fall Economic Statement: Ballooning Deficit, Trade Threats, And Growth Stalls Spell Financial Crisis

In a day marked by political upheaval and economic concern, Canada’s federal government released its...

Tuesday, December 17, 2024, 02:59:00 PM

If Both Carney And Freeland Now Want To Scrap Carbon Tax, Why Was It There In The First Place?

Following his most likely competition to the Liberal Party leadership race, Mark Carney has now...

Saturday, February 1, 2025, 09:39:00 AM

Chrystia Freeland Says Canada Abolished Slavery…Before Canada Became A Country

Canada’s Deputy Prime Minister and Minister of Finance Chrystia Freeland may have just been caught...

Saturday, August 5, 2023, 01:38:00 PM