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As Canada faces potential recession, Freeland to give fall economic statement Nov. 3
OTTAWA – A looming recession and Canada’s need to keep up with the United States on clean energy investments will be front and centre next week when Finance Minister Chrystia Freeland delivers her fall mini-budget.
Freeland has already warned not to expect big money to help Canadians cope with lingering inflation, stressing in recent weeks that would just further fuel inflation.
“We can’t support every single Canadian in the way we did with the emergency measures that we put in place at the height of the pandemic,” she said Oct. 19 in a speech to the Automotive Parts Manufacturers’ Association in Windsor, Ont.
But she signalled that Canadians can expect a fall economic statement that focuses on the economy Canada is trying to “seize” for the future — namely one that is heavily focused on clean power, electric vehicles, battery manufacturing and critical minerals.