Fall Economic Statement Expected
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fiscal updateCityNews
•Business
Business & Economics
Fall fiscal update to grapple with Trump presidency, expected to show larger deficit
75% Informative
Fall fiscal update to grapple with Trump presidency, expected to show larger deficit.
A senior government official said the fiscal update will include measures to incentivize business investment in Canada .
The government is focused on how to keep and attract capital in Canada in the face of the coming U.S. administration.
The fall economic statement is expected to propose doubling the loan limit for homeowners who want to add a secondary suite to their home, to $ 80,000 up from $ 40,000 .
Ottawa is introducing other measures such as launching a fourth round of the Venture Capital Catalyst Initiative with $1 billion in funding available in 2025 .