Finance Minister Chrystia Freeland pledged on Monday that the Liberals would provide “additional, targeted inflation relief” to vulnerable Canadians in the 2023 federal budget.
But the deputy prime minister also cautioned that Canada finds itself in a “turbulent time in the world economy” and said that the government would avoid “pouring fuel on the fire of inflation” with its fiscal policy for the year ahead.
Read more: Banking turmoil is adding to sense of looming economic ‘precipice.’ What’s next? Freeland made the comments in Oshawa, Ont., where she teed up the government’s spending plans for the 2023 budget, set to be tabled on March 28.
The finance minister spoke about the difficulties facing some Canadians amid rising interest rates and inflation that has cooled as of late but remains well above the Bank of Canada’s two per cent target.