Finance Minister Chrystia Freeland says pharmacare will not jeopardize Canada's fiscal standing as the federal government intends to abide by the spending rules it pledged in the fall. Freeland speaks at a news conference in Ottawa on Feb. 13.Finance Minister Chrystia Freeland says pharmacare will not jeopardize Canada’s fiscal standing as the federal government intends to abide by the spending rules it pledged in the fall.
The coverage is to be included in the first piece of a national pharmacare program – a key pillar of the supply-and-confidence agreement between the two parties – with legislation expected to be introduced in the House of Commons this week. The federal government set out a goal to keep deficits below one per cent of GDP beginning in 2026-27 and to maintain the current fiscal year’s deficit at or below the spring budget projection of $40.1 billion.
Health Minister Mark Holland has raised the cost of a future pharmacare program repeatedly as negotiations appeared to stall earlier this year.
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