Budget 2021: Freeland says Canada’s ‘spending is necessary’

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  • Global News published this video item, entitled “Budget 2021: Freeland says Canada’s ‘spending is necessary'” – below is their description.

    The federal government’s 2021 budget is projecting a deficit of a staggering $354 billion.

    The first federal budget in more than two years extends Ottawa’s COVID-19 “lifeline” for those still struggling after a difficult year, as it aims to pull Canada through the pandemic.

    But all that spending has pushed Canada’s net debt over $1 trillion for the first time ever.

    Global National’s Dawna Friesen spoke with Deputy Prime Minister and Finance Minister Chrystia Freeland about Canada’s deepening deficit, and how soon parents can expect childcare priced at $10 per day.

    For more info, please go to https://globalnews.ca/news/7768619/federal-budget-2021-liberals-covid/

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    In This Story: Canada

    Canada is a country in the northern part of North America. It extends from the Atlantic to the Pacific and northward into the Arctic Ocean, covering 9.98 million square kilometres (3.85 million square miles), making it the world’s second-largest country by total area.

    Its southern and western border with the United States, stretching 8,891 kilometres (5,525 mi), is the world’s longest bi-national land border. Canada’s capital is Ottawa, and its three largest metropolitan areas are Toronto, Montreal, and Vancouver.

    Various Indigenous peoples inhabited what is now Canada for thousands of years before European colonization. The Canada Act 1982, which severed the vestiges of legal dependence on the British Parliament. Canada is a parliamentary democracy and a constitutional monarchy in the Westminster tradition, with a monarch and a prime minister who serves as the chair of the Cabinet and head of government.

    As a highly developed country, Canada has the seventeenth-highest nominal per-capita income globally as well as the thirteenth-highest ranking in the Human Development Index. Its advanced economy is the tenth-largest in the world, relying chiefly upon its abundant natural resources and well-developed international trade networks.

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