Canadian Finance Minister Chrystia Freeland delivered the 2024 federal budget in Ottawa on Tuesday, which kept the deficit capped at $40 billion due to higher-than-expected government revenues and new taxes that largely offset billions in new spending.

Freeland presented the federal budget in the House of Commons in the afternoon, which pledges $53 billion in new spending that she says is focused on economic justice for younger generations.

"We are moving with purpose to help build more homes, faster. We are making life cost less. We are driving the kind of economic growth that will ensure every generation of Canadians can reach their full potential," said Freeland in her opening remarks.

Afterwards, Conservative Leader Pierre Poilievre did not take questions from reporters but was quick to slam the spending, comparing the “wasteful inflationary budget” to a “pyromaniac spraying gas on the inflationary fire.” Meanwhile, NDP Leader Jagmeet Singh expressed that he was concerned that the Liberals “ignored” the opportunity to “take on corporate greed.”

00:00:00 - Global News 2024 Federal Budget Special starts
00:02:13 - Finance Minister Chrystia Freeland speaks in House of Commons
00:26:21 - Global's David Akin and Mercedes Stephenson on carbon rebates, political calculations
00:52:09 - NDP Leader Jagmeet Singh reacts to 2024 federal budget
01:04:28 - Global's Mackenzie Gray breaks down numbers behind the budget
01:07:30 - Conservative Leader Pierre Poilievre reacts to 2024 budget in House of Commons
01:14:12 - Economist David McDonald on what is missing from budget
01:20:44 - Borrowell CEO Andrew Graham on budget effectiveness

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