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Opposition parties outline priorities ahead of fiscal update

OTTAWA –

Federal opposition parties are announcing their priorities ahead of the government’s fall fiscal update, with the Conservatives calling for the Liberal Party to limit new spending and the NDP raising concerns of a potential revolt. potential recession.

Finance Minister Chrystia Freeland will present the fall economic report on Thursday in the House of Commons, which will shed light on the federal financial situation.

In a letter to Freeland on Sunday, Conservative Leader Pierre Poilievre urged the government not to introduce any new taxes and limit new spending unless it made other budget cuts.

New Democratic Party leader Jagmeet Singh also wrote a letter to the prime minister, calling on Justin Trudeau to tackle “corporate greed” and immediately reform the employment insurance scheme.

Freeland said she will prioritize fiscal discipline as the Bank of Canada raises interest rates to reduce high inflation, and said the government will not be able to compensate all Canadians for the rising cost of living.

While speaking in Windsor, Ont., last month, Freeland said the fiscal update would focus on the economy Canada is trying to “grasp” for the future – one that is heavily focused on energy clean energy, electric vehicles, battery production and important minerals. .


This report by the Canadian Press was first published on November 2, 2022.



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