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Economics

Trudeau’s Finance Chief Has More Room to Spend in April Budget

  • Canada to see revenue windfall from surging commodity prices
  • Freeland will likely roll out money for campaign pledges
Chrystia Freeland speaks at a news conference in Ottawa on Feb. 28, 2022.
Chrystia Freeland speaks at a news conference in Ottawa on Feb. 28, 2022.Photographer: David Kawai/Bloomberg

Surging commodity prices are giving Finance Minister Chrystia Freeland breathing room to deliver on spending demands in next month’s budget without pushing Canada off a trajectory that will nearly balance the books in five years.

The government is set for an even bigger revenue windfall than it projected in December, economists say, as higher energy prices boost corporate taxes and fuel incomes in the world’s fourth-largest producer of oil.