Mar 21, 2016
By Jane Brown
Many Canadians appear to be worried about economic uncertainty and a majority fear for their own financial security.
Ahead of tomorrow’s federal budget, a Forum Research survey finds 33 percent of Canadians believe the economy will worsen, while just 24 percent expect the economy to improve this year. Just over one-third of respondents think the economy won’t change. And close to 70 percent say they are concerned about their financial security.
The Liberals in Ottawa say Prime Minister Justin Trudeau’s first budget will aim to reduce inequality, while laying the groundwork for long-term economic growth. Finance Minister Bill Morneau is expected to focus on helping the “middle class” while giving his budget speech tomorrow.
The Liberals plan to reverse a planned increase to the age of eligibility for Old Age Security back to 65 from 67.
New Democrat MP Guy Caron would like to see the Liberals help vulnerable Canadians by reversing cuts to Employment Insurance.
Interim Conservative Leader Rona Ambrose will be at the Economic Club of Canada in Ottawa today to outline what the official Opposition wants to see in tomorrow’s federal budget.
The deficit in the Liberals’ first budget is expected to be roughly three times the $10-billion they had promised during the fall election campaign.