Canadian households have slowed the pace of new borrowing, according to Statistics Canada data released June 19.

Finance Minister Chrystia Freeland tabled the 2024 budget Tuesday, with big spending to increase Canada’s housing supply. The only thing keeping the deficit trajectory in check were new taxes, including $19 billion over five years in new capital gains levies on wealthy individuals and corporations – underscoring the extent to which we have fully entered a populist moment in Canadian politics, Theo Argitis writes.