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Housing, interest rates, pension plans dominated annual finance ministers meeting: Freeland

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Finance Minister Chrystia Freeland ended her annual meeting of federal, provincial and territorial finance ministers in Toronto, Ont. on Friday.

“Inflation is down, but we all know that interest rates are a real challenge for millions of Canadians. So it was important for us to speak about the economic outlook today. We also discussed housing, which is the central priority for so many Canadians,” Freeland said.

According to Freeland, the ministers discussed Canada’s economic outlook for 2024-2025 and heard from Bank of Canada’s Gov. Tiff Macklem. Freeland also added that the Affordable Housing and Groceries Act just received royal assent.

For Canada’s pension plan, Freeland said that there will be an officials-level meeting in January to discuss Alberta’s intentions of creating its own retirement plan.

For more info, please go to https://globalnews.ca/news/10172526/finance-ministers-meeting-canada/

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Category
U.S. & Canada
Tags
global news, finance, housing
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