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MNI: Freeland-Banks Well Capitalized, Budget To Focus Stimulus

(MNI) OTTAWA

Canada's Finance Minister Chrystia Freeland said Monday the nation's financial system is resilient to recent global turmoil and her budget due next week will deliver targeted spending aimed at helping poorer families keep up with inflation.

"We have a financial system that has proven its strength time and again. Our financial institutions have the capital they need to weather periods of turbulence," Freeland said during a speech in Oshawa just east of Toronto.

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Canada's Finance Minister Chrystia Freeland said Monday the nation's financial system is resilient to recent global turmoil and her budget due next week will deliver targeted spending aimed at helping poorer families keep up with inflation.

"We have a financial system that has proven its strength time and again. Our financial institutions have the capital they need to weather periods of turbulence," Freeland said during a speech in Oshawa just east of Toronto.

Keep reading...Show less