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Canada needs to be ‘fiscally prudent’ in budget, finance minister says

Canada needs to be 'fiscally prudent' amid global uncertainty - finance minister © Reuters. Prime Minister Justin Trudeau and Canada’s Deputy Prime Minister and Minister of Finance Chrystia Freeland arrive for a federal cabinet retreat over the next three days in Hamilton, Ontario, Canada January 23, 2023. REUTERS/Carlos Osorio

OTTAWA (Reuters) – Canadian Finance Minister Chrystia Freeland on Tuesday said her approach to this year’s budget, due out sometime this spring, would be carefully calibrated due to a high level of uncertainty in the global economy.

“There is still a lot of uncertainty in the world economy, and that means that we do need to continue to take a fiscally prudent approach,” Freeland said in answer to a reporters query about this year’s budget.

She spoke in Hamilton, Ontario, on the sidelines of a meeting of Cabinet ministers that was streamed online.

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