Finance Minister Chrystia Freeland says next week’s budget will offer targeted measures to help Canadians squeezed by rising interest rates and inflation — but she warns the federal government can’t afford to help everyone.
“For those Canadians who feel the bite of rising prices the most acutely, for our most vulnerable friends and neighbours, our government will deliver additional targeted inflation relief,” Freeland said in Oshawa, Ont. on Monday.
“This support will be narrowly focused and fiscally responsible. The truth is we can’t fully compensate every single Canadian for all of the effects of inflation or for elevated interest rates. To do so would only make inflation worse and force
