Treasury Secretary Chrystia Freeland is reportedly about to unveil a $7 billion plan detailing how government programs will help the most vulnerable insulate against inflation.
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However, the Toronto Star, which leaked the minister’s initiative on Wednesday morning, specifies that these are not new programs, but rather extensions of existing programs.
Ms. Freeland is expected to address the issue during a presentation on Bay Street in Toronto on Thursday.
Programs that will be discussed include Old Age Security (OAS), Canadian Child Benefit (CCB), Canadian Employee Benefit (ACT), or Canadian Housing Benefit (CLA).
The $7 billion is already included in the government budget, reports the Star.