The federal government has unveiled new measures to enhance rent affordability and combat rising grocery prices in Canada. Finance Minister Chrystia Freeland announced a $99 million national top-up to the Canada Housing Benefit, increasing Ottawa’s contribution to $325 million in 2023-2024. This initiative aims to directly assist low-income renters through provincial and territorial support programs, benefitting over 300,000 households by 2027-2028.
Additionally, Innovation Minister François-Philippe Champagne tripled federal funding to investigate grocery price inflation, allocating $5 million annually. The government plans to partner with consumer advocacy groups to examine harmful business practices. Furthermore, $100 million in emergency winter funding will aid 85 communities in expanding shelter spaces and providing assistance to the homeless. These initiatives align with the government’s commitment to building a fairer economy for all Canadians.
