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Canada’s economy is “strong, resilient” according to credit rating agency: Freeland

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Deputy Prime Minister Chrystia Freeland said during a press conference in Lunenburg County, N.S., on Tuesday that inflation is expected to be nearing the Bank of Canada’s midpoint target of two per cent, according to a report last month.

Referencing the report from credit rating agency Moody’s, Freeland said the organization reaffirmed the prediction of a stable outlook for Canada and predicted stronger economic growth than some other triple AAA economies in the medium term.

“These are really powerful economic proof points. What they say is that Canada’s economy is strong and resilient,” Freeland said. “And that really matters, because it means we can afford to make the investments Canada needs.”

“The reality is [that] what the federal Conservative Party stands for is austerity and cuts,” Freeland added. “Our government knows now is the time we need to invest – we need to invest in housing, we need to invest in making life more affordable, with programs like early learning and child care. We need to invest in economic growth.”

For more info, please go to https://globalnews.ca/news/10459173/canada-gdp-february-2024/

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#GlobalNews #Canada #Economy
Category
U.S. & Canada
Tags
global news, Chrystia Freeland, chrystia freeland
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