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Freeland signals government will miss deficit target ahead of releasing fall economic update

The article from The Globe and Mail discusses Finance Minister Chrystia Freeland's indication that the Canadian federal government will likely miss its previously set deficit target. This statement comes ahead of the fall economic update, where the government is expected to provide revised fiscal projections. Freeland highlighted the ongoing economic challenges, including inflation and the economic recovery from the global health crisis, as reasons for the potential overshoot. She emphasized the government's commitment to supporting Canadians through these tough times, even if it means higher deficits. The article also notes that this news might fuel debates about fiscal responsibility versus economic stimulus, especially with opposition parties likely to criticize the government's spending. Furthermore, the update might include new spending measures aimed at addressing immediate economic pressures, potentially exacerbating the deficit further.

Read the Full The Globe and Mail Article at:
[ https://www.theglobeandmail.com/politics/article-freeland-signals-government-will-miss-deficit-target-ahead-of/ ]