Chrystia Freeland, Canada’s Deputy Prime Minister and Minister of Finance, recently unveiled her first federal budget which has been making headlines and sparking discussions across the country. Titled “A Recovery Plan for Jobs, Growth, and Resilience”, this budget lays out the government’s plans for recovering and rebuilding the Canadian economy amidst the ongoing COVID-19 pandemic.
One of the main focuses of this budget is on creating jobs and supporting businesses. The government plans to invest $101.4 billion over the next three years to stimulate job creation and economic growth. This includes measures such as extending the Canada Emergency Wage Subsidy until September 2021 and introducing a new hiring program to encourage businesses to hire more workers. In addition, the budget also includes a $15 federal minimum wage, aimed at providing a fair and livable income for workers.
Another aspect of this budget is its emphasis on a green and sustainable recovery. The government plans to invest a total of $17.6 billion in green initiatives, such as expanding renewable energy and investing in clean technology. This not only aims to create new jobs in the clean energy sector but also tackles Canada’s goal of achieving net-zero emissions by 2050.
Overall, Chrystia Freeland’s budget focuses on rebuilding the economy through job creation,
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