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Highlights from the 2019 Federal Budget

What you need to know about the 2019 Federal Budget. The new budget includes funding for a Canada Training Benefit to help workers upgrade skills and acquire new ones while keeping their jobs. $1.18 billion over five years to toughen border security. Plans to create a new Canada Drug Agency. A plan to subsidize the costs of drugs for rare diseases. Measures to make housing more affordable, especially for first-time buyers. Rebates on electric or hydrogen-fuel-cell vehicles. Funding for refitting municipal government buildings for energy efficiency and subsidy programs for private homeowners. Devising a new national dementia strategy. A federal deficit of $19.8 billion, including a $3-billion "risk adjustment," an increase of $200 million from last year's forecast. Funding for farmers in supply-managed industries affected by new trade agreements with the United States and Asian countries. Enhancing social services for Indigenous families and children while also providing funding for municipalities' and First Nations' infrastructure projects. Lowering the interest rate on Canada Student Loans to the prime rate, from the current prime-plus-2.5-percentage-points.
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