Finance Minister Chrystia Freeland’s budget pledges the federal government will pony up $30 billion over the next five years to create a Canada-wide early learning system and a permanent funding increase of $8.3 billion per year thereafter. The goal is to cut childcare fees in registered centres in half by the end of 2022 and eventually reduce the cost of childcare to $10 per day by 2026, the budget said.READ MORE: Federal budget delivers big promises on childcare, tamer housing measuresBut Alberta — along with Manitoba and Ontario — has already voiced skepticism about the federal government’s offer, which comes with an emphasis on readmore
Canada’s provincial and federal government debt has ballooned during the COVID-19 pandemic, as it has for governments around the world, as they cope with both the costs of a health emergency and the need to use taxpayer dollars to prop up their economies.But in Canada, some of the new public spending will settle at a permanently higher level or resume an upward trend once life goes back to normal, some economists say. Read more: How Canada’s federal budget affects benefits, taxes, and the minimum wage In Ottawa, the 2021 federal budget is eyeing a slew of new measures — readmore
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