Text size Canada’s finance minister touted more housing and cheaper groceries in a fiscal update Tuesday that projects ballooning deficits in coming years to help Canadians struggling with soaring costs of living. “Inflation is coming down, wages are going up, and private sector economists now expect Canada to avoid the post-pandemic recession that many had predicted,” Finance Minister and Deputy Prime Minister Chrystia Freeland told the House of Commons. But, she added, “I absolutely understand that after three difficult years — with a global pandemic, global inflation, and global interest rate hikes — Canadians are worn out, frustrated, and feeling the squeeze.
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