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Canada's fiscal deficit for the year ended March came in at C$61.9 billion ($43.45 billion) - about 50% more than what was projected and missing one of the three key fiscal objectives Finance ...
The Canadian federal budget for the fiscal years of 2023–24 was presented to the House of Commons by Finance Minister Chrystia Freeland on 28 March 2023. [2] The budget was meant to reflect Prime Minister Justin Trudeau's stated policy objective to "make life more affordable for Canadians" [3] while also reducing government expenditures.
By March 2022, food banks across Canada recorded nearly 1.5 million visits, marking an all-time high, with approximately 2.8 million Canadians living in poverty by September 2023. [35] A comprehensive Food Banks Canada report stated that multiple factors, including the COVID-19 pandemic, the economic consequences of the Russian invasion of ...
OTTAWA (Reuters) -Canadian Prime Minister Justin Trudeau, who is mulling his future amid a major political crisis, has the full support of his cabinet to stay on, new Finance Minister Dominic ...
April 5 – 2023 Canada ice storm: Two people are killed and over a million people are without power after an ice storm strikes Ontario and Quebec. [29] April 9 – The 2023 Canadian Ringette Championships are held in Regina, Saskatchewan. National champions are decided in U16, U19, and National Ringette League divisions. [citation needed]
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[6]: 1 It reached 150% following World War II. [6]: 1 The ratio fell until the 1970s, then rose to over 100% in the mid-1990s. [6]: 3 The federal government's gross debt to GDP ratio fell from the mid-1990s, before rising briefly following the financial crisis of 2008–09. It then resumed a downward trend until the pandemic-related spike in 2020.
The timing of the crisis comes at a critical time, since U.S. President-elect Donald Trump is due to take office on Jan. 20 and is promising to impose a 25% tariff on all imports from Canada ...