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Finance Minister Chrystia Freeland in 2021. Image: CPAC video capture

Feds to deliver fall economic update Tuesday

By Brad Perry Nov 21, 2023 | 6:43 AM

Canada’s finance minister will deliver her government’s fall economic statement on Tuesday.

Chrystia Freeland has said that housing and affordability will be key themes in the address.

“We’ve said that the fall economic statement is going to focus on housing, getting more homes built faster. It’s going to focus on the urgent issue of affordability for Canadians,” Freeland told reporters last week.

Conservative leader Pierre Poilievre said he has three demands for the government.

That includes cancelling planned carbon tax increases and balancing the federal budget.

Poilievre said he also wants the government to adopt his party’s plan to build more homes.

“We need a simple mathematical formula that incentivizes cities to get out of the way, speed up permits, and free up land to build, build, build,” said Poilievre.

“Let’s require municipalities to permit 15 per cent more homebuilding per year.”

NDP leader Jagmeet Singh said he wants to see a commitment to invest in affordable housing.

“I emphasize affordable housing. We don’t need more luxury condos or more homes that are out of reach for people, we need affordable housing. That’s got to be the focus,” said Singh.

The NDP leader said he also wants the food items exempted from GST expanded and a national school food program the Liberals promised four years ago.

The fall economic statement will be delivered around 4:15 p.m. Eastern Time on Tuesday.