Skip to Main content

30.62°^C Vancouver

News Entertainment Sports Videos Shows Podcast Contact Us

Jun 16, 2022 7:31 PM - The Canadian Press

Freeland touts previously announced measures to combat hot inflation

Share On

freeland-touts-previously-announced-measures-to-combat-hot-inflation

Amid stubbornly hot inflation and rising interest rates, Finance Minister Chrystia Freeland detailed financial commitments to ``help make life more affordable for millions of Canadians'', but the measures were all previously announced. (Photo - Chrystia Freeland/Jagmeet Singh/Twitter)

Amid stubbornly hot inflation and rising interest rates, Finance Minister Chrystia Freeland detailed financial commitments to ``help make life more affordable for millions of Canadians'', but the measures were all previously announced.

Freeland delivered a keynote address about the state of the Canadian economy at the Empire Club of Canada in downtown Toronto on Thursday afternoon.

In her speech, Freeland highlighted the federal government's ``Affordability Plan,'' which she referred to as a suite of measures totalling $8.9 billion in new support for Canadians in 2022.

The measures were all included the past two federal budgets and are now taking effect.

Freeland called recent skyrocketing inflation a ``global phenomenon'' that is being driven by lasting impacts of the COVID-19 pandemic, ongoing lockdowns in China and Russia's invasion of Ukraine.

Last month, Statistics Canada reported the inflation rate for April rose 6.8 per cent compared with a year ago.

That's the highest since January 1991.

The federal agency is expected to release May's inflation report next week.

Latest news

16-arrested-as-kamloops-rcmp-seize-weapons-loaded-shotgun-and-more-than-one-kilogram-of-drugs

16 Arrested as Kamloops RCMP Seize Weapons, Loaded Shotgun and More Than One Kilogram of Drugs

Kamloops RCMP's Proactive Enforcement Team arrested 16 people and seized a large quantity of weapons, drugs and other illegal items during a two-day targeted enforcement operation conducted on July 3 and 4. According to an RCMP news release, officers focused on identified crime hotspots and individuals already known to police through intelligence-led enforcement efforts. During the operation, police seized 16 prohibited or dangerous weapons, including bear spray, brass knuckles, batons, knives and an axe. Officers also recovered a replica firearm and a loaded 12-gauge shotgun. Superintendent P

IndiaJul 22, 2026

Sonam Wangchuk says he will end hunger strike if government assures no action against student protesters

Social activist Sonam Wangchuk has said he is prepared to end his 24-day hunger strike over the alleged NEET-UG examination paper leak if the central government provides a written assurance that no punitive or retaliatory legal action will be taken against students who participated in the examination reform movement. According to a letter issued by Wangchuk, the assurance would protect student protesters involved in demonstrations demanding reforms to the examination system following the NEET-UG controversy. Wangchuk said Union ministers J.P. Nadda and Jitendra Singh met him on Tuesday night a

congo-ebola-outbreak-death-toll-reaches-999-health-ministry-reports

WorldJul 22, 2026

Congo Ebola outbreak death toll reaches 999, health ministry reports

The Ebola outbreak in the Democratic Republic of the Congo has claimed 999 lives, according to official figures released overnight into Wednesday by the country's Ministry of Health. The ministry said that, as of Sunday, 2,473 Ebola cases had been recorded since the outbreak was declared on May 15. Officials reported that 999 people had died from the disease. According to the Ministry of Health, the outbreak is caused by the Bundibugyo strain of the Ebola virus, for which there are currently no approved vaccines or treatments. Officials have said the outbreak has become the fastest-growing Ebo

raja-warring-seeks-resignation-of-punjab-cm-education-minister-over-repeated-exam-paper-leak-cases

IndiaJul 22, 2026

Raja Warring seeks resignation of Punjab CM, Education Minister over repeated exam paper leak cases

Punjab Congress president Amarinder Singh Raja Warring has demanded the resignation of Chief Minister Bhagwant Mann and Education Minister Harjot Singh Bains, alleging the state government has failed to prevent repeated examination paper leaks in Punjab. In a statement issued on Wednesday, Warring said several major paper leak incidents have been reported during the Mann government's tenure. He cited the Punjab Group-B recruitment examination, which he said was leaked about six months ago, along with alleged leaks involving the Class 12 English examination, the Punjab State Teacher Eligibility

New Anderson Creek wildfire prompts evacuation order near Hells Gate in B.C.'s Fraser Canyon

A new wildfire south of Boston Bar in British Columbia's Fraser Canyon has prompted evacuation orders for the Hells Gate area as crews respond to growing wildfire activity. According to the BC Wildfire Service, the Anderson Creek wildfire was discovered Tuesday and has grown to about 1,000 hectares. Officials said the fire has now been added to the Brunswick Wildfire Complex, which includes two other active wildfires in the region. The Fraser Valley Regional District issued evacuation orders Tuesday evening for Boston Bar, the Boston Bar First Nation, North Bend and Canyon Alpine, citing an im

Related News

Carney advisory committee meets to discuss U.S. tariffs and Canada’s trade response

Carney advisory committee meets to discuss U.S. tariffs and Canada’s trade response

Prime Minister Mark Carney’s Advisory Council on Canada–United States Relations met Tuesday evening to discuss Canada's response to the United States' decision to impose new tariffs on Canadian goods. The meeting, chaired by Canada–U.S. Trade Minister Dominic LeBlanc, included Canada's chief trade negotiator with the United States, Janice Charette, Ambassador to the United States Mark Wiseman, and other council members. According to the federal government, discussions focused on the potential impact of the tariffs on key Canadian industries and measures to protect Canada's economic inter

Proposed 50% Trump Tariffs on Canadian Exports Could Face Court Challenge, Experts Say

Proposed 50% Trump Tariffs on Canadian Exports Could Face Court Challenge, Experts Say

U.S. President Donald Trump's proposed 50 per cent tariffs on approximately $28 billion worth of Canadian exports could face legal challenges, although trade law experts say the administration's legal position appears stronger than in previous cases. According to reports, the White House is relying on Section 338 of the Tariff Act of 1930 to impose the new duties. The provision authorizes the U.S. president to impose tariffs if another country's trade policies are deemed discriminatory toward the United States. Legal experts say the provision has not previously been used in this manner. The Wh

Trump says Canada depends on U.S.; Poilievre calls proposed 50% tariff 'unjustified'

Trump says Canada depends on U.S.; Poilievre calls proposed 50% tariff 'unjustified'

U.S. President Donald Trump and Conservative Party Leader Pierre Poilievre have exchanged sharply contrasting messages as trade tensions between Canada and the United States continue to escalate. Speaking to reporters, Trump said he "loves the people of Canada" but claimed the country "would not exist without the United States" and needs the U.S. to survive. The remarks come amid an ongoing trade dispute between the two countries. Poilievre, meanwhile, criticized Trump's proposed 50 per cent tariff, calling it "unjustified" and harmful to both Canadian workers and American consumers. According

Legals

Journalism code of ethics

© 2021 AKASH Broadcasting Inc.

MANAGED BY STRATWIT

useful links

Accessibility Plan

Broadcasting Notice of Consultation

BC Children's Hospital