Chrystia Freeland Canada city Ottawa county Canadian Canada Budget Bank of Canada inflation Federal Budget interest rate Cost of Living budget canada Chrystia Freeland Canada city Ottawa county Canadian

Will Budget 2023 make life more affordable for Canadians? Here’s what experts say

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globalnews.ca

The 2023 federal budget saw the Liberals hike up their spending plans and devote plenty of attention to affordability concerns, but experts are unconvinced the proposals will make a dent on the finances of everyday Canadians, nor the country’s economic trajectory.

Economists had told Global News that Finance Minister Chrystia Freeland was in a tough spot heading into the 2023 budget, the second of the Liberals’ current minority mandate.

Canadians have struggled to make ends meet for months amid cooling but still-high inflation and rapidly rising interest rates.

Yet with a slowing economy and possible recession on the horizon, the government was also tasked with keeping some funds in reserve to avoid overspending and re-stimulating inflation.

Read more on globalnews.ca
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