On November 21, 2023, Deputy Prime Minister and Minister of Finance Chrystia Freeland tabled the Fall Economic Statement (FES) on behalf of the Government of Canada. This annual statement provides an update to Parliament and Canadians on the country’s finances in anticipation of the expected federal budget in early 2024.
This year’s FES focuses on supporting the middle-class with targeted measures to make life more affordable such as building more homes faster, building a strong and sustainable economy that moves towards net-zero. The 131-page economic update states that over a million more Canadians are employed compared to before the pandemic, that wages have been outpacing inflation for the last nine months and that Canada will likely avoid the recession that was predicted by many.
CMC’s Advocacy Priorities
Federal-level advocacy is a key pillar of Co-operatives and Mutuals Canada’s activities. CMC invites you to consult its recent pre-budget submission, as well as a list of its policy priorities, which are available on our website. For questions regarding these items or the practical implications of FES measures on your co-operative or mutual, please reach out to Daniel P. Brunette, Senior Director of External Affairs, at dbrunette@canada.coop.