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Freeland says "fiscal responsibility" needed amid calls for health-care funding | FULL

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Finance Minister Chrystia Freeland said on Friday she stressed to her provincial and territorial counterparts that the federal government needed to "behave with real fiscal responsibility" even as they try to make big investments in health care and clean energy.

She said she also pointed out that the federal balance sheet "bears overwhelmingly the greatest share of the cost of fighting the COVID pandemic and COVID recession." Freeland also said she had not presented anything specific to her counterparts on health-care funding, saying it would be left to the prime minister and first ministers next week.

The finance minister also said the Inflation Reduction Act passed in the U.S. has "changed the playing field" in terms of global competition for capital. She said as a result it's created a "new situation" for Canada, and other countries in the world, to create an "appealing investment proposition" to bring in international companies.

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Category
U.S. & Canada
Tags
global news, Canada, Finance Ministers
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