Trudeau announcement on addressing the rising cost of living for Canadians | FULL
CA, 13 Apr 2023
Canadian Prime Minister Justin Trudeau is set to make an announcement in Regina on Thursday about measures in the federal budget aimed at making life more affordable for Canadians.
The 2023 fiscal plan saw the Liberals hike up their spending plans and devote plenty of attention to affordability concerns, but experts have expressed doubt that the proposals will make a dent in the finances of everyday Canadians.
Alongside the grocery rebate in the budget were pledges to crack down on "junk fees" -- extra costs tacked onto concert tickets, airfare or food deliveries before checkout -- as well as proposals for tax changes to help low-income households and to introduce a code of conduct to direct lenders to help Canadians with ballooning mortgage costs.
The budget also sought to crack down on predatory lending and payday loans, limiting how high if interest rates these services can offer and capping charges at $14 per $100 borrowed.
For more info, please go to https://globalnews.ca/news/9587852/budget-2023-affordability-inflation-bank-of-canada/
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