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Trudeau government's mini-budget shows deficit soared by almost $22B, no money for $250 cheque plan, but cash for Trump's border demands

The Trudeau government's fall economic statement, often referred to as a mini-budget, revealed that Canada's federal deficit has surged by nearly $22 billion more than previously forecasted, reaching $40 billion for the current fiscal year. This increase is attributed to higher spending on programs like child care, dental care, and pharmacare, as well as lower-than-expected revenues. Despite this, the government did not allocate funds for the previously promised $250 payment to help with the rising cost of living, which was a notable omission given the economic pressures many Canadians are facing. The statement also included plans for a new mortgage code of conduct to address housing affordability issues, but it did not introduce new measures to directly combat inflation or provide immediate financial relief to citizens.

Read the Full Toronto Star Article at:
[ https://www.thestar.com/politics/federal/trudeau-government-s-mini-budget-shows-deficit-soared-by-almost-22b-no-money-for-250/article_e0fc6776-bbec-11ef-8c56-f7d8804948af.html ]