2024 Budget preview predicts limited new measures [Wealth Professional (Canada)]
Toronto Dominion Bank (The) (TD)
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Source: Wealth Professional
By Freschia Gonzales Mar 20, 2024 Share The federal government's 2024 budget, set to be released on April 16, is anticipated to feature a restrained approach with limited new measures due to stringent fiscal constraints, experts told BNN Bloomberg In his report, James Orlando, a senior economist at TD Economics, highlighted that the upcoming budget would mainly focus on the previously announced pharmacare program. He pointed out that the program's budgetary impact is contingent on its future expansion plans, noting that it currently covers diabetic medication and contraceptives only. Orlando expressed, “Beyond pharmacare, new budget measures are likely to be scant, with firepower being reserved for next year's pre-election budget.” He further anticipated that the budget would emphasize enhancing housing supply and tackling the cost of living However, Orlando clarified that no significant tax reforms are expected to be unveiled, though the government might continue to pr
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