Skip to Main content

9.36°^C Vancouver

News Entertainment 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

AlbertaMar 31, 2026

Alberta proposes blackout period for citizen-led referendum petitions around elections

Alberta’s government has introduced legislation that would restrict when citizens can launch petitions for constitutional or policy referendums, including a blackout period before and after provincial elections. Justice Minister Mickey Amery outlined the proposed changes in a bill now before the legislature. According to the minister, the bill would prohibit initiating referendum petitions in the 12 months leading up to, and the 12 months following, a provincial election. Amery said the intent is to ensure voters can focus on making decisions at the ballot box without overlapping referendum

nenshi-distances-alberta-ndp-from-new-federal-leader-avi-lewis-over-energy-policy-differences

FeaturedMar 31, 2026

Nenshi distances Alberta NDP from new federal leader Avi Lewis over energy policy differences

Alberta NDP Leader Naheed Nenshi says his party is not aligned with newly elected federal NDP Leader Avi Lewis on energy policy, following Lewis’s victory at the party’s national convention. Speaking at the Alberta legislature on Monday, Nenshi said the divide between the federal and provincial wings of the party on energy issues has existed for years. “It was important for Albertans to remember that for many years now, the New Democrats have not been fully aligned, particularly on energy policy,” he said. Lewis, a Vancouver-based filmmaker and activist, was elected Sunday in Winnipeg

police-investigate-suspected-extortion-linked-shots-fired-at-cloverdale-business

Police investigate suspected extortion-linked shots fired at Cloverdale business

Surrey RCMP’s Provincial Operations Support Unit is investigating after shots were fired at a business in the 5400 block of Production Boulevard, with police saying the incident is believed to be linked to extortion. According to RCMP, officers were called on March 30 at about 9 a.m. after a report that multiple gunshots had been fired sometime overnight. Investigators have since confirmed the shooting occurred at approximately 12:49 a.m. that morning. Police and the business owner reported damage to the exterior of the property. No one was inside the business at the time and no injuries wer

former-punjab-minister-laljit-singh-bhullar-remanded-for-three-more-days-in-suicide-case-probe

IndiaMar 30, 2026

Former Punjab minister Laljit Singh Bhullar remanded for three more days in suicide case probe

A court in Punjab has extended the police remand of former Aam Aadmi Party minister Laljit Singh Bhullar by three days after his initial five-day custody period ended. He was produced in court following the expiry of the earlier remand. According to police, investigators have not yet recovered key evidence, including a mobile phone, during questioning. Authorities told the court that further custodial interrogation is required as part of the ongoing investigation. Bhullar was arrested in connection with the death of Gagandeep Singh Randhawa, a district manager with the Punjab Warehousing Corpo

b-c-union-calls-for-expanded-work-from-home-policy-amid-rising-fuel-costs

B.C. union calls for expanded work-from-home policy amid rising fuel costs

The B.C. General Employees’ Union is urging the provincial government to allow full-time remote work for provincially regulated employees as fuel prices rise, citing financial pressure on workers. In a statement, the union – which represents about 35,000 public service workers among more than 95,000 members – said a temporary work-from-home policy would help offset costs linked to higher gasoline prices. The increase is tied to global supply concerns amid the ongoing Iran conflict, according to the union. The union also called on the province to consider additional relief measures for em

Related News

Nenshi distances Alberta NDP from new federal leader Avi Lewis over energy policy differences

Nenshi distances Alberta NDP from new federal leader Avi Lewis over energy policy differences

Alberta NDP Leader Naheed Nenshi says his party is not aligned with newly elected federal NDP Leader Avi Lewis on energy policy, following Lewis’s victory at the party’s national convention. Speaking at the Alberta legislature on Monday, Nenshi said the divide between the federal and provincial wings of the party on energy issues has existed for years. “It was important for Albertans to remember that for many years now, the New Democrats have not been fully aligned, particularly on energy policy,” he said. Lewis, a Vancouver-based filmmaker and activist, was elected Sunday in Winnipeg

Authorities warn of World Cup-related fraud schemes as tournament approaches

Authorities warn of World Cup-related fraud schemes as tournament approaches

Canadian authorities are warning residents and international visitors to be alert to fraud schemes linked to the upcoming FIFA World Cup, as demand grows for tickets, travel and accommodations. The Canadian Anti-Fraud Centre, along with policing partners in host cities Toronto and Vancouver, issued the advisory, saying fraudsters may attempt to exploit interest in the tournament, which Canada is co-hosting with the United States and Mexico. According to the Canadian Anti-Fraud Centre, investigators are tracking several types of suspected scams, including fake ticket sales, fraudulent short-ter

Police-reported hate crimes level off in 2024 after multi-year rise, Statistics Canada says

Police-reported hate crimes level off in 2024 after multi-year rise, Statistics Canada says

The number of police-reported hate crimes in Canada remained largely unchanged in 2024 following several years of sharp increases, according to new data released by Statistics Canada. The agency reported 4,882 hate crimes in 2024, marking a one per cent increase over the previous year. The latest figures follow a 34 per cent rise between 2022 and 2023, and a broader trend that has seen reported incidents more than double since 2018, according to the federal data agency. Statistics Canada said incidents targeting race or ethnicity increased by eight per cent in 2024. At the same time, police-re

Legals

Journalism code of ethics

© 2021 AKASH Broadcasting Inc.

MANAGED BY STRATWIT

useful links

Accessibility Plan

BC Children's Hospital