Ottawa Set to Reveal Economic Update Including Deficit Information and New Border Security Package

December 16, 2024 TruthUSA

The Liberal government in Ottawa is set to unveil its fall economic update today, its first spending package since Donald Trump won the November presidential election.

Ottawa is expected to exceed its deficit target, but Finance Minister Chrystia Freeland has stated that debt-to-GDP is still decreasing.

The update is anticipated to include initiatives to stimulate business investment in Canada in response to Trump’s “America first” economic agenda.

It will also outline the government’s strategy for enhancing security at the border, which is expected to involve funding for helicopters and drones.

This follows Trump’s threats to impose a 25 percent tariff on goods from Canada and Mexico unless both countries take action to curb the flow of illegal drugs and migrants into the U.S.

Last week, RCMP Commissioner Mike Duheme expressed surprise at reports suggesting there could be $1 billion allocated to bolstering the border, but did not disclose the amount he had requested.