Chrystia Freeland: Latest News

All news where Chrystia Freeland is mentioned

Chrystia Freeland - Bill 100 (100) - Grocery rebate rollout: Here’s who will get the one-time payment and when - globalnews.ca - Canada
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Grocery rebate rollout: Here’s who will get the one-time payment and when
grocery rebate as early as July 5, the federal government said Thursday.In a statement, the government said the grocery rebate will be delivered to eligible Canadians on that date, by direct deposit or cheque through the Canada Revenue Agency.The rebate will be up to $467 for eligible couples with two children, $234 for single Canadians without children, and $225 for seniors, on average.The announcement came as Bill C-46, the Cost of Living Act, which allows the rebate, received Royal Assent on Thursday. The legislation also includes a $2 billion Canada Health Transfer (CHT) top-up to reduce backlogs and wait times, the statement said.The grocery rebate was introduced in the 2023 federal budget as a way to compensate Canadians for higher grocery prices due to inflation, though the rebate can be spent on anything.“It is excellent news for Canadians that Bill C-46 received Royal Assent today, following unanimous approval by the House of Commons just a few weeks ago,” Finance Minister Chrystia Freeland said in a statement.The rebate will be issued automatically to about 11 million Canadians whose household income is $38,000 or less, and individuals who make $32,000 or less.There is no need to apply for the grocery rebate, which will be delivered along with the July GST Credit payment.
Chrystia Freeland - In Budget 2023, Liberals eye inflation relief ‘without having to write a big cheque’ - globalnews.ca - Canada - Eu - county Canadian
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In Budget 2023, Liberals eye inflation relief ‘without having to write a big cheque’
2023 federal budget sees the Liberal government shift its tact amid an uncertainty economy and Canadians in need of inflation relief, looking to save money in the near term with cost-free measures that flex its influence on areas where it can make a tangible impact.Finance Minister Chrystia Freeland unveiled the second budget of the Liberals’ current minority mandate on Tuesday and put the focus on both reining in spending while supporting Canadians who have been hit hard by high inflation and rising interest rates.“Our most vulnerable friends and neighbours are still feeling the bite of higher prices,” she said in a speech to Parliament on Tuesday afternoon, according to her prepared remarks.“And that is why our budget delivers targeted inflation relief to those who need it most.”The biggest line item on the affordability front is $2.5 billion in spending for a so-called “grocery rebate” aimed at lower-income households, as reported by Global News and others ahead of Tuesday’s budget release.The one-time rebate is expected to deliver $467 directly to a family of four, $234 to a single Canadian without kids and $225 to the average senior.An estimated 11 million Canadian households are expected to receive the boost via the GST tax credit mechanism, and it does not have to be spent on groceries.Other measures announced in the 2023 budget without costs attached are a plan to crackdown on so-called “junk fees” attached to concert tickets or baggage costs, for example, as well as plans to move towards an automatic tax filing system to ensure low-income Canadians take advantage of already available rebates.The federal government also announced plans in the budget to follow in the European Union’s footsteps towards a universal
Chrystia Freeland - Russia one of the ‘biggest threats’ to world economy amid recession fears: Freeland - globalnews.ca - Canada - area District Of Columbia - Russia - Washington, area District Of Columbia - Ukraine
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Russia one of the ‘biggest threats’ to world economy amid recession fears: Freeland
Russia’s war in Ukraine is proving to be “one of the biggest threats” to the world economy at the moment, according to Deputy Prime Minister Chrystia Freeland.Freeland, who also serves as Canada’s finance minister, made the comments to reporters in Washington, D.C., on Friday following the annual meetings of the World Bank Group and International Monetary Fund (IMF), which put out a stark world economic outlook earlier this week.“One of the biggest threats, not only to the lives of Ukrainians right now, not only to the sanctity of the international rules-based order, but also to the world economy today is Russia’s invasion of Ukraine,” Freeland said.“There’s one simple thing that could happen that would make the global economy much more secure, and that is for Russia to get out of Ukraine.” As IMF warns of economic slowdown, Canada’s labour market could be critical buffer The IMF cited the war in Ukraine on Tuesday as one of the drivers for cutting its global growth forecast for 2023. High energy and food prices, inflation and sharply higher interest rates, also factored in to the IMF’s report, which indicated a third of the world economy will likely contract by next year.Russia’s war in Ukraine has been raging for close to eight months since the wide-scale invasion began on Feb.
Justin Trudeau - Chrystia Freeland - Canada bans foreign home buyers for two years to cool market - fox29.com - Usa - state California - Canada - Russia - county Ontario - Ukraine - Ottawa, county Ontario
fox29.com
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Canada bans foreign home buyers for two years to cool market
Justin Trudeau, Canada's prime minister, left, and Chrystia Freeland, Canada's deputy prime minister and finance minister, hold copies of the federal budget in Ottawa, Ontario, Canada, on Thursday, April 7, 2022. Freeland is imposing a one-time windf Prime Minister Justin Trudeau’s government announced Thursday it will ban foreign investors from buying homes in Canada for two years in a bid to cool off a hot housing market.Finance Minister Chrystia Freeland took a number of measures to tamp down speculation and demand amid record home prices in announcing the federal budget for the year.The government announced a two-year ban on foreign home buying as well as higher taxes for people who sell their home within a year, though both measures include multiple exceptions including for permanent residents and foreign students.RELATED: California home prices have more than tripled in these citiesThe budget also includes billions for new housing and measures to help Canadians trying to get into the market, including a new savings account and changes to the first-time home buyers tax credit.The government is under pressure to cool an overheated market after prices climbed by more than 20% last year, while rental rates have also been rising.The federal Liberal government is also promising $500 million Canadian (US$397 million) in additional military aid to Ukraine as well as more humanitarian and financial support to Kyiv in response to Russia’s invasion.RELATED: First-time homebuyer? Real estate experts offer advice in crazy marketCanada responded to months of pressure from the NATO military alliance and others by promising more than $8 billion Canadian (US7.2 billion) in new military spending over the next five years.
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