OTTAWA — The stage is about for arguably crucial federal finances in latest reminiscence, because the Liberal authorities prepares to unveil its plan for Canada’s post-pandemic restoration at the same time as a 3rd wave of COVID-19 rages throughout the nation.
Finance Minister Chrystia Freeland will current the finances to the Home of Commons on Monday afternoon, greater than two years after the Liberals’ final such spending plan was unveiled.
The variations between then and now can’t be understated, as not solely did the Liberals lose their majority authorities within the interim, however COVID-19 has upended the lives of Canadians in every single place.
Whereas the Liberals have portrayed the finances as their imaginative and prescient for shaping Canada’s financial system for a post-pandemic world, they’re additionally dealing with stress to raised help folks and companies now fighting the third wave of COVID-19.
The federal government may even must reassure Canadians and credit-rating businesses in regards to the nation’s hovering debt.
Opposition events, in the meantime, have spent the previous few weeks laying out their calls for and might be watching to see whether or not the federal government has responded earlier than deciding whether or not to help the finances or not.
The Liberals want no less than one social gathering to help the finances to stop a snap election, which opinion polls recommend most Canadians don’t need in the meanwhile.
This report by The Canadian Press was first printed April 18, 2021.
The Canadian Press