The Canada Child Benefit is being hailed for lifting children out of poverty seven years since its introduction, as families get a cost-of-living boost this month.
Canada's economy is facing a "turbulent" year, but the federal government still has some spending room for big priorities including a new health-care deal with the provinces, Associate Finance Minister Randy Boissonnault said on Tuesday, January 24, 2023.
The Liberals have found themselves with a financial windfall amid an economic rebound, though the extra room is largely spoken for thanks to COVID-19 measures and relief for flooded British Columbia.
Canadians will soon get an update on the health of federal finances and the government's outlook for an economy facing high inflation rates, flooding in British Columbia and the emergence of a new variant of COVID-19.
Officials believed in late summer that an economic recovery would not magically happen if lockdowns and public health restrictions disappeared, a newly obtained federal document shows.