On Wednesday, Trudeau rejected criticism from the Business Council of Canada that his government
needs to cut spending by $12 billion annually, or $50 billion over four years, to meet its own fiscal
target of keeping federal deficits below 1% of GDP, starting in 2026-27.
Trudeau said he’s focused on supporting Canadians in tough economic times and growing the economy,
which won’t be achieved by “austerity and cuts” advocated by business groups and the Conservatives.
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