Business and Finance
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Business and Finance
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Business Brief: What to make of Canada's new Finance Minister


Published on 2024-12-18 07:40:48 - The Globe and Mail
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  • Canada's inflation rate dipped below the Bank of Canada's 2-per-cent target for the second time in three months, the latest sign that the central bank has tamed inflationary pressures in the economy.

The article from The Globe and Mail discusses the appointment of Chrystia Freeland as Canada's new Finance Minister, replacing Bill Morneau. Freeland, previously the Deputy Prime Minister and Minister of Intergovernmental Affairs, is known for her strong communication skills and international experience, having served as a journalist and author before entering politics. Her appointment comes at a critical time as Canada faces economic recovery from the impacts of the global health crisis, with issues like managing federal spending, addressing economic inequality, and navigating relations with the U.S. under President Biden. The article highlights expectations for Freeland to bring a fresh perspective to fiscal policy, potentially focusing on progressive taxation, support for the middle class, and possibly a more aggressive approach to climate change and economic diversification. Her background in journalism and her understanding of global economics are seen as assets in dealing with these complex issues.

Read the Full The Globe and Mail Article at:
[ https://www.theglobeandmail.com/business/article-business-brief-what-to-make-of-canadas-new-finance-minister/ ]

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