At a news conference on Parliament Hill, federal ministers highlight their government’s ongoing efforts to address the high cost of living.

Finance Minister Chrystia Freeland discusses her recent meeting with the CEOs of Canada’s largest banks and says the government will be monitoring their compliance with mortgage guidelines designed to provide relief for struggling homeowners. She also announces she has instructed the Financial Consumer Agency of Canada to work on making no- and low-cost bank accounts more readily available to the public.

Freeland is joined by Industry Minister François-Philippe Champagne, who urges Parliament to pass the government’s bill (C-56) aimed at making groceries and housing more affordable. Treasury Board President Anita Anand also takes part and announces the government will begin sharing the results of its spending review next month, with main estimates to be published in March 2024.

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