The federal government is hoping a temporary break on GST will address a ‘vibecession’ that has gripped Canadians, Finance Minister Chrystia Freeland said Monday.
Prime Minister Justin Trudeau announced on Thursday that starting Dec. 14 the goods and services tax will be taken off a slew of items for two months to help with the affordability crunch.
In a news conference on Monday, Freeland said there’s a disconnect between recent good news on inflation and interest rates and how Canadians are feeling about the economy, something she said is being referred to as a “vibecession.”
The finance minister said the tax cut is meant to help bridge that gap and stimulate consumer spending….