Deputy Prime Minister and Finance Minister Chrystia Freeland delivered her first major speech since the budget on Thursday, outlining $8.9 billion in financial supports her government has introduced to help Canadians deal with rising inflation. Calling the criticism of the Bank "economically illiterate," Freeland said the Bank's job is to tackle inflation and she reaffirmed that mandate late last year. The 'Affordability Plan'The measures already announced by the federal government in the 2022 budget and cited by Freeland in today's speech include:Boosting the Canada Workers Benefit by $1.7 billion this year. In her speech, Freeland compared Canada's economic recovery to that of other G7 nations. NDP Leader Jagmeet Singh issued a statement after the speech saying that the measures Freeland discussed are coming too late and will not help Canadians who need it now.

Source: CBC News June 17, 2022 04:07 UTC