Finance Canada has given Parliamentary Budget Officer Jean-Denis Fréchette the additional budget breakdowns he asked for last week.
Maybe you heard: Canada’s books took a turn for the ugly over the past few months.
Or, as Finance Minister Bill Morneau put it when he unveiled his government’s fall economic update Friday morning, the economy “tilted to the downside.”
The federal Conservatives have indicated they’re going to double the amount Canadians can invest in tax-free savings accounts each year, from $5,500 to $11,000.
“Canadians know that we stick to our commitments,” Finance Minister Joe Oliversaid in a letter to Tory MPs Tuesday, apparently referring to a pledge in the last election to double the limit once the budget was balanced. “I will present a balanced budget that will make life more affordable for Canadians.”