Minister of Finance and Deputy Prime Minister Chrystia Freeland speaks at a press conference in Ottawa on November 19, 2024. THE CANADIAN PRESS/ Patrick Doyle
Republished December 16, 2024 - 1:11 PM
Original Publication Date December 16, 2024 - 1:06 AM
OTTAWA - Liberal House Leader Karina Gould has tabled the government's fall economic statement in the House of Commons.
The autumn budget update includes some new measures to encourage business investment and beef up border security ahead of Donald Trump's return to the White House next month.
But the resignation of Finance Minister Chrystia Freeland has ignited significant uncertainty over Canada’s economic and fiscal outlook.
Freeland shocked the political world this morning when she announced her sudden resignation after Prime Minister Justin Trudeau told her Friday he was moving her out of the finance portfolio and offering her another role in cabinet.
She oversaw the development of the fall fiscal update but did not table it or deliver the planned speech in the House of Commons.
The document shows a much larger deficit than expected for the fiscal year that ended last March because of billions of dollars the government expects to pay for Indigenous legal claims and pandemic-related benefits and loans it doesn’t expect to recover.
This report by The Canadian Press was first published Dec. 16, 2024.
News from © The Canadian Press, 2024