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

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Today’s meeting was about building on this progress and finding new ways for us all to work together we had a very full agenda we heard from the governor of the Bank of Canada Tiff mlum and discussed the economic Outlook including inflation and interest rates for Canada

And the world 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 our government has made significant

Progress on housing this fall uh including with uh the measure that received Royal Ascent today lifting the GST I’m very very happy about that uh We’ve unlocked billions of dollars in new financing to build over a 100,000 new homes we’re helping 300,000 Canadians and Counting save up for their first down payment

Through the new tax-free first home savings account and with the new Canadian mortgage Charter we’re protecting Canadians who are struggling to renew their mortgages our government is leading this National effort but we know that making housing more affordable requires all orders of government working together

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.

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