Canada’s Economy Will Face Slowdown ‘Around the Corner,’ Freeland Says

Deputy Prime Minister and Minister of Finance Chrystia Freeland takes part in the Special Joint Committee on the Declaration of Emergency surrounding the government's use of the Emergencies Act in February, in Ottawa on June 14, 2022. The Canadian Press/Justin Tang

Deputy Prime Minister Chrystia Freeland says that Canadians will face more economic challenges “around the corner” as a result of rising interest rates.

“The impact that will have on people’s family budgets—some people are going to see their mortgage payments rise and that is a challenge,” Freeland told reporters in Gatineau, Que., on Oct. 17.