Canada's 2024 budget sees billions in new spending

Budget 2024... titled "Fairness for Every Generation." It has people talking online because the federal Liberals are spending more than $52-billion more than planned over the next five years. With interest rates at a 20-year high, Ottawa's cost to borrow has spiked from just over $20-billion in 2020 to a whopping $54.1-billion this year. That means Ottawa will spend more to service its debt than it will on health care. One highlight today? A big-ticket housing program for younger voters. We spoke to Franco Terrazzano, the federal director of the Canadian Taxpayers Federation who was in the federal budget lockup in Ottawa today.

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