Canada is facing some “difficult days ahead,” but whether or not the government expects the economy to tip into recession will be reflected in the feds’ upcoming fall forecast, Chrystia Freeland says.
Speaking in Windsor, Ont., on Wednesday afternoon, the finance minister and deputy prime minister told reporters that Ottawa will share with “some precision” its projections for the economy in its fall economic statement.
Freeland did not specify when the statement will be released, but said Ottawa will be sharing a date for it in the “days to come.” Read more: Food prices soared in September even as inflation slowed overall Earlier in the day, Freeland said in a speech an economic slowdown was coming for the world and that Canada has the fiscal capacity to get through the “challenging days” ahead. “There are still some difficult days ahead for Canada’s economy and for the economies of all of our friends and allies around the world,” she said. “We are ensuring that Canada has and will have the fiscal capacity to support those who need it today and in the challenging days ahead.
We will get through the economic slowdown that is coming for Canada and the world.” Her comments came as Statistics Canada reported Wednesday that food prices continued to soar across the country in September, even as the annual rate of inflation cooled to 6.9 per cent.