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Government releases economic statement today as Freeland faces heavy pressure over deficit

The Canadian government, led by Finance Minister Chrystia Freeland, released its fall economic statement on November 21, 2023, amidst significant pressure to address the growing federal deficit. The statement comes at a time when Canada's economy is facing challenges such as high inflation, rising interest rates, and a slowing economy, which have led to increased costs for servicing the national debt. Freeland has been under scrutiny to balance economic support with fiscal responsibility, especially after the government's spending during the global health crisis. The economic update was expected to outline measures to manage the deficit, possibly including spending cuts or new revenue strategies, while also providing support for Canadians dealing with economic pressures. The statement also reflects the government's strategy ahead of the next federal budget, aiming to navigate through economic uncertainties while maintaining public support.

Read the Full MSN Article at:
[ https://www.msn.com/en-ca/politics/government/government-releases-economic-statement-today-as-freeland-faces-heavy-pressure-over-deficit/ar-AA1vW1ea ]