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With Freeland out and the federal deficit up, Parliament is set to take holiday break

The article from CTV News discusses the upcoming holiday break for the Canadian Parliament, which is set to begin after a tumultuous fall session. Finance Minister Chrystia Freeland will be absent from Ottawa for the last week before the break, attending a G7 finance ministers' meeting in Japan. This session has been marked by significant events including the tabling of a fall economic statement that projected a higher federal deficit than previously anticipated, now expected to be $40 billion for the current fiscal year. The statement also included new spending measures and tax credits aimed at addressing housing issues and supporting clean energy initiatives. Additionally, the session saw the passage of pharmacare legislation, which has stirred debate over its implementation and funding. With the holiday break approaching, opposition parties are expressing concerns over the government's fiscal management and the lack of a clear plan to reduce the deficit, while the Liberals defend their economic strategy.

Read the Full CTV News Article at:
[ https://www.ctvnews.ca/politics/with-freeland-out-and-the-federal-deficit-up-parliament-is-set-to-take-holiday-break-1.7148107 ]