Conservatives say no new spending, NDP voice recession worries ahead of fiscal update
OTTAWA – Federal opposition parties are making their priorities known ahead of the government’s fall fiscal update, with the Conservatives calling for the Liberals to curb new spending and the NDP raising concerns about a potential recession.
Finance Minister Chrystia Freeland will present the fall economic statement on Thursday in the House of Commons, which will shed light on the state of federal finances.
In a letter addressed to Freeland on Sunday, Conservative Leader Pierre Poilievre urged the government not to introduce any new taxes and to refrain from new spending unless it’s making other budgetary cuts.
New Democrat Leader Jagmeet Singh also wrote a letter to the prime minister, calling on Justin Trudeau to address “corporate greed” and immediately reform the employment insurance program.
Freeland has indicated she will be prioritizing fiscal discipline as the Bank of Canada raises interest rates to bring down high inflation, and has 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 will focus on the economy Canada is trying to “seize” for the future — one that is heavily focused on clean power, electric vehicles, battery manufacturing and critical minerals.
This report by The Canadian Press was first published Nov. 2, 2022.
Credit: Conservatives say no new spending, NDP voice recession worries ahead of fiscal update
