Chrystia Freeland promises a fall fiscal update as clock ticks down on 2024 – National [Video]

Finance Minister Chrystia Freeland says she will deliver a fall economic statement sometime this year as the clock ticks down on the remaining days in the House of Commons for 2024.

Freeland, who is also the Liberal government’s deputy prime minister, made the pledge in Toronto after announcing funding for the Canadian artificial intelligence firm Cohere.

“I will deliver a fall economic statement this year,” Freeland said.

The fall fiscal update is typically delivered as a stopgap between federal budgets, providing revised economic updates on Ottawa’s projections and accounting for newly announced items in the government’s spending plans.

Delivering a fall economic statement is not a mandated requirement for any government, but would provide a view of how recent government announcements such as the upcoming GST/HST holiday and a pledge to meet NATO spending commitment are affecting the balance sheet.