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Opposition parties set priorities ahead of budget update


Federal opposition parties are making their priorities known ahead of the government’s fall fiscal update, with the Conservatives calling on the Liberals to cut new spending and the NDP worrying about a possible recession.

Finance Minister Chrystia Freeland will present the fall economic statement to the House of Commons on Thursday, which will shed light on the state of federal finances.

In a letter to Freeland on Sunday, Conservative Leader Pierre Poilievre urged the government not to introduce new taxes and refrain from new spending unless it makes further budget cuts.

NDP Leader Jagmeet Singh also wrote a letter to the prime minister, calling on Justin Trudeau to tackle “corporate greed” and immediately reform the EI program.

Freeland said she would prioritize fiscal discipline as the Bank of Canada raises interest rates to bring down high inflation, and said the government would not be able to compensate all Canadians. for the rising cost of living.

During a speech in Windsor, Ont., last month, Freeland said the budget update will focus on the economy that Canada is trying to “grab” for the future – an economy heavily geared towards clean energy, electric vehicles, battery manufacturing and critical minerals. .

This report from The Canadian Press was first published on November 2, 2022.

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