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Federal Budget 2023: Will the Liberals' plan help or hurt Canada's inflation rate?

Video vocabulary

the

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US / ðə /

UK / ðə /

A1
  • article
  • Used to refer to something already mentioned
  • Used to show there is only one of something
  • determiner
  • Used to describe all of a family

be

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US / bɪ /

UK / bi /

A1
  • verb
  • Being

and

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US / ənd /

UK / ənd, ən,ænd /

A1
  • conjunction
  • Used to refer to two or more things
  • Plus; in addition; on top of that
  • Used to introduce an action that follows another

that

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US / ðæt /

UK / ðæt, ðət /

A1
  • adjecitve
  • The person or thing being talked about
  • Used to identify something both the speakers know
  • adverb
  • Used to reinforce adjectives and adverbs
  • To such a degree
  • conjunction
  • Used to connect a noun clause
  • Used to introduce an adverbial clause
  • Used to introduce a noun clause
  • determiner
  • Used as a noun to refer to something
  • pronoun
  • Referring an object far away
  • Used to refer to the relative pronoun ‘which’

have

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US / həv /

UK / hæv /

A1
  • verb
  • To drink, smoke, eat or use something
  • To experience the effects of something
  • To organize an event, or join in an activity
  • To own, possess, or hold something
  • To cause to happen or produce a particular effect

not

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US / nɒt /

UK / nɑt /

A1
  • adverb
  • Word indicating the negative
  • (Used to form the negative of verbs)

you

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US / jʊ /

UK / ju /

A1
  • pronoun
  • Person someone is speaking or writing to
  • Person or people in general

for

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US / fə(r) /

UK / fɔr,fə /

A1
  • preposition
  • Used to show the purpose, or need of something

this

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US / ðɪs /

UK / ðɪs /

A1
  • adjecitve
  • Used to indicate something already been discussed
  • Used to indicate something happening around now
  • adverb
  • An indication by a physical motion or gesture
  • A specific amount of
  • determiner
  • Person, thing, or idea near you
  • pronoun
  • Person, thing that has already been discussed

with

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US / wɪð /

UK / wɪð, wɪθ /

A1
  • preposition
  • As an employee of a certain company
  • Against something or someone
  • By using something as a means
  • Due to; because of
  • Including
  • Possessing as a feature
  • Related to
  • (Of the manner/attitude by which you do something)
  • Used to express that people or things are together

but

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US / bət /

UK / bʌt,bət /

A1
  • conjunction
  • Used before you say something different, opposite

get

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US / ɡet /

UK / ɡɛt /

A1
  • verb
  • To become affected by illness or disease
  • To begin to feel or understand an emotion or idea
  • To send or bring someone or something home, etc.
  • To go somewhere to obtain something
  • To (cause to) do a particular thing
  • To obtain, receive or be given something
  • To currently have
  • To prepare for use
  • To understand something being said or read

what

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US / wɒt /

UK / hwɑt, hwʌt, wɔt, wʌt,hwət, wət /

A1
  • adjecitve
  • Used to refer to a particular amount, or number
  • Used to place emphasis on a particular quality
  • adverb
  • To a certain degree
  • determiner
  • Question words used for asking for information
  • exclamation
  • Used to express excitement, shock, or surprise
  • Used to ask people to repeat something they said
  • pronoun
  • Thing or things that; the same kind as
  • Used to emphasize something you are about to say

they

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US / ðeɪ /

UK / ðe /

A1
  • pronoun
  • Two or more people, animals, or things

all

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US / ɔ:l /

UK / ɔl /

A1
  • adverb
  • Completely; totally
  • determiner
  • Being every one of something
  • pronoun
  • 100% of something; the complete amount

like

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US / laɪk /

UK / laɪk /

A1
  • adjecitve
  • Being equal in status or kind to something else
  • Similar; the same
  • adverb
  • For example
  • preposition
  • Used as a filler; used to ad emphasis
  • In a way similar to the way something is done
  • Such as; for example
  • verb
  • To want to
  • To find something pleasing; to prefer something

do

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US / du: /

UK / du /

A1
  • other
  • Question words for 'do' verbs
  • verb
  • To act; to perform actions
  • To be enough; to be acceptable
  • To have a certain effect on something or someone

there

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US / ðɛə /

UK / ðɛr /

A1
  • adverb
  • Used to illustrate the existence of something
  • In a particular respect
  • In that place or position, at that location

one

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US / wʌn /

UK / wʌn /

A1
  • adjecitve
  • Used to refer to people generally
  • Being a strong example of (something mentioned)
  • number
  • Number 1
  • pronoun
  • You; we; people in general; someone
  • The thing or person previously referred to

go

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US / ɡəʊ /

UK / ɡo /

A1
  • noun
  • A turn in a game
  • verb
  • To attend or be at a place
  • To do an activity
  • To function properly
  • To move or travel to another place

will

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US / wɪl /

UK / wɪl /

A1
  • noun
  • Desire or choice of someone
  • Document saying who gets your money when you die
  • Strong desire to do something; determination
  • Desire to do something; strong wish to do
  • other
  • Used with verbs to express the future
  • verb
  • To leave property to someone after your death
  • To use mental effort to make something happen
  • Am (is, are) likely to do
  • To influence someone to do something
  • To make something happen by strongly wanting it

out

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US / aʊt /

UK / aʊt /

A1
  • adverb
  • No longer stylish (e.g. fashion)
  • Away from home, business, or the usual place
  • In a direction/movement away from inside or center
  • noun
  • Act when a batter cannot continue playing
  • verb
  • To tell people a secret

know

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US / nəʊ /

UK / noʊ /

A1
  • verb
  • To be familiar with a person or place, thing
  • To feel sure or be convinced about something
  • To discover or be aware of something
  • To be able to distinguish
  • To have knowledge of things

see

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US / si: /

UK / si /

A1
  • verb
  • To go on a date with someone
  • To predict whether something is, or will be true
  • To understand what someone says
  • To use your eyes to look at something
  • To visit a place often for sightseeing or pleasure
  • To visit or meet with someone
  • To find out by waiting or looking
  • To watch (a game, movie or TV show)

about

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US / ə'baʊt /

UK / əˈbaʊt /

A1
  • adverb
  • To be ready to; going to
  • Nearly; approximately; roughly
  • Near; next to; close to
  • In every direction; in the area of
  • preposition
  • Concerning or of (a topic)

from

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US / frəm /

UK / frʌm, frɑm,frəm /

A1
  • preposition
  • Starting at a particular place, time or level

now

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US / naʊ /

UK / naʊ /

A1
  • adverb
  • At the present time or moment
  • Right away or in the next possible moment
  • Used to refer to something that just happened
  • Time between the present and a moment in the past
  • conjunction
  • Resulting from or because of something

think

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US / θɪŋk /

UK / θɪŋk /

A1
  • verb
  • To have an idea about something without certainty
  • To have an idea, opinion or belief about something

your

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US / jɔ: /

UK / jʊr, jɔr, jor,jə /

A1
  • determiner
  • Belonging to you; belonging to the other person

want

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US / wɔnt /

UK / wɑnt, wɔnt /

A1
  • noun
  • Something you desire or wish for
  • State or condition of poverty
  • verb
  • To desire or wish for something; hope for a thing

say

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US / seɪ /

UK / se /

A1
  • noun
  • Power to decide or greatly influence something
  • verb
  • To indicate or give information using language
  • To use words to tell your message
  • To ask someone to give information to others

more

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US / mɔ:(r) /

UK / mɔr, mor /

A1
  • adjecitve
  • In addition; extra
  • Greater in amount, number, or size
  • adverb
  • To a greater degree; in greater quantity
  • For a longer period of time
  • determiner
  • Additional quantity
  • pronoun
  • A greater or additional number

because

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US / bɪ'kɒz /

UK / bɪˈkɔz, -ˈkʌz /

A1
  • conjunction
  • For a reason

well

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US / wel /

UK / wɛl /

A1
  • adjecitve
  • Being in a fortunate, good condition or state
  • Healthy and in good condition
  • adverb
  • In an acceptable, proper, or successful manner
  • In a complete, total, or full manner
  • A great and considerable degree
  • In a successful way, in a good or satisfactory way
  • exclamation
  • Used to begin or continue a particular statement
  • Used to show you want to start saying something
  • Used to express that you are waiting for a reply
  • You say this to change the topic of a conversation
  • Used to indicate you are making a final remark
  • noun
  • Long deep hole in the ground to get water
  • verb
  • To cause your eyes to fill with tears

how

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US / haʊ /

UK / haʊ /

A1
  • adjecitve
  • To what degree? in what amount?
  • adverb
  • (Used to explain the way to do something)
  • exclamation
  • For what purpose or reason?
  • (Used to ask someone or something's condition)

some

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US / səm /

UK / sʌm /

A1
  • adjecitve
  • Remarkable; very good (or very bad) in a way
  • Concerning a certain unclear degree, quantity
  • determiner
  • Used to refer to an unspecified amount or number
  • pronoun
  • Number of persons, things in a group, but not all

would

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US / wʊd /

UK / wʊd /

A1
  • other
  • Used to indicate something imagined
  • Used to ask or request something politely
  • Verb used to indicate possibility, request etc.
  • Used to indicate a preference
  • Used to indicate a reaction
  • Indicates something that occurred repeatedly
  • Used to indicate willingness or ability to do

right

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US / raɪt /

UK / raɪt /

A1
  • adjecitve
  • Correct or true
  • The south side of you looking at the rising sun
  • adverb
  • Exactly in a place or time
  • Being appropriate for a particular event
  • In a straight or direct manner
  • noun
  • Something you are legally or morally allowed to do
  • Ideal of what is just and good
  • Political view based on conservatism
  • verb
  • To fix something previously wrong or unjust
  • To make upright, as a boat that has turned over

really

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US / ˈri:əli /

UK / ˈriəˌli, ˈrili /

A1
  • adverb
  • Used to stress something that is said; definitely
  • In a true or accurate manner
  • Very

thing

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US / θɪŋ /

UK / θɪŋ /

A1
  • noun
  • (Used to introduce the reason for something)
  • Something you cannot remember the name of

these

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US / ði:z /

UK / ðiz /

A1
  • determiner
  • People, things, or ideas near you
  • pronoun
  • The objects near the speaker

let

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US / let /

UK / lɛt /

A1
  • verb
  • To allow someone to do something
  • Introducing a suggestion to do something together
  • To rent a house, etc. to others

where

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US / hwɛə /

UK / hwɛr, wɛr /

A1
  • conjunction
  • At or in the place which
  • In whatever place
  • pronoun
  • Word you use to ask the location of something

even

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US / 'i:vn /

UK / ˈivən /

A1
  • adjecitve
  • Being equal in influence, power, possibility etc.
  • Being divided equally or fairly
  • (Of teams/contest) with similar chances of success
  • Smooth, level, or regular
  • Can be divided by 2; ending in 2, 4, 6, 8, or 0
  • At a regular, equally steady manner
  • Remaining steady and unchanging
  • adverb
  • (When this is surprising) as well; too
  • (Used to compare two things/stress the difference)
  • verb
  • To make something level; to flatten
  • To make something equal

much

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US / mʌtʃ /

UK / mʌtʃ /

A1
  • adjecitve
  • Very; to a high level or degree
  • adverb
  • A lot; large amount; a high degree of
  • Nearly; basically
  • On many occasions; often
  • noun
  • A large amount; a great quantity

very

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US / 'verɪ /

UK / ˈvɛri /

A1
  • adjecitve
  • Concerning a large degree or amount
  • adverb
  • A lot; much; many
  • Used to stress or emphasize a noun

who

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US / hu: /

UK / hu /

A1
  • pronoun
  • Which person
  • Used to introduce information about people

people

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US / 'pi:pl /

UK / ˈpipəl /

A1
  • noun
  • Persons sharing culture, country, background, etc.
  • Men, Women, Children

little

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US / 'lɪtl /

UK / ˈlɪtl /

A1
  • adjecitve
  • Being short in length of time
  • Not great in size, amount, or degree; small
  • Being very young or younger than others
  • adverb
  • By an amount or degree that is not very much
  • Not often; rarely
  • noun
  • A person's name

which

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US / wɪtʃ /

UK / hwɪtʃ,wɪtʃ /

A1
  • determiner
  • Question word to ask about a person's choice
  • pronoun
  • (Used to describe something previously mentioned)
  • Question word to decide either, or

also

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US / 'ɔ:lsəʊ /

UK / ˈɔlso /

A1
  • adverb
  • In addition; too; in a similar way

lot

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US / lɒt /

UK / lɑt /

A1
  • noun
  • What happens to a person in life from chance; fate
  • A group of people seen together
  • Item for sale at an auction
  • Small area of land used for a purpose e.g. parking

something

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US / ˈsʌmθɪŋ /

UK / ˈsʌmθɪŋ /

A1
  • adverb
  • In some degree or measure
  • noun
  • a person or thing of some value or consequence
  • pronoun
  • Thing that is not yet known or named
  • Approximately

only

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US / ˈəunli /

UK / ˈonli /

A1
  • adverb
  • Just one; just that amount or thing; not more than
  • Not very important or serious
  • Just that type of thing, person
  • Short time ago; not before a certain time
  • conjunction
  • Except; but

their

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US / ðɛː /

UK / ðer /

A1
  • determiner
  • Belonging to them

day

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US / deɪ /

UK / de /

A1
  • noun
  • A period of 24 hours beginning at midnight
  • The period of time when it is light outside
  • Person's name

put

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US / pʊt /

UK / pʊt /

A1
  • phrasal verb
  • to make a light stop shining by pressing or moving a switch
  • verb
  • To move or place a thing in a particular position
  • To rate something in importance or value
  • To write or say something in a certain manner

those

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US / ðəʊz /

UK / ðoz /

A1
  • determiner
  • The people or things we are talking about
  • pronoun
  • The objects far from the speaker

tell

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US / tel /

UK / tɛl /

A1
  • verb
  • To (strongly) advise a person to do something
  • To be able to guess
  • To say or communicate information to someone
  • To inform, but without speaking; indicate
  • To have a negative effect on someone
  • To order someone to do something; command
  • To recognize something based on certain signs
  • To report something to an authority
  • To explain something or teach someone something

big

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US / bɪɡ /

UK / bɪɡ /

A1
  • adjecitve
  • Popular
  • Serious
  • Large

kind

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US / kaɪnd /

UK / kaɪnd /

A1
  • adjecitve
  • In a caring and helpful manner
  • friendly and considerate
  • noun
  • One type of thing

before

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US / bɪˈfɔ:(r) /

UK / bɪˈfɔr,-ˈfor /

A1
  • adverb
  • At a time earlier than the present; previously
  • conjunction
  • In advance of something happening
  • preposition
  • In front of someone or something

around

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US / ə'raʊnd /

UK / əˈraʊnd /

A1
  • adjecitve
  • Close to someone or something
  • adverb
  • Located on every side, or along something
  • With a motion that moves in a circle or a curve
  • Going here and there within (a place)
  • Turned or turning in the opposite direction
  • preposition
  • Roughly; approximately

year

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US / jə: /

UK / jɪr /

A1
  • noun
  • Unit of time equal to 12 months or 365 or 366 days
  • Used to refer to the age of a person

his

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US / hɪz /

UK / hɪz /

A1
  • pronoun
  • Something belonging to a male person

next

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US / nekst /

UK / nɛkst /

A1
  • adjecitve
  • Immediately after the previous one
  • First occurrence after the present one
  • adverb
  • The one that follows another in time or order
  • At a time or place directly after the present one
  • noun
  • The one that follows after

yeah

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US / jeə /

UK / ˈjɛə, ˈjæə, jɛ- /

A1
  • exclamation
  • Another way of saying 'yes'

talk

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US / tɔ:k /

UK / tɔk /

A1
  • noun
  • Style of speaking
  • Discussion between two countries
  • Giving information in front of people; lecture
  • Saying things or ideas to someone with words
  • verb
  • To make a formal speech about something
  • To say things or ideas to someone with words

last

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US / lɑ:st /

UK / læst /

A1
  • adjecitve
  • Most recent; the latest
  • The one before
  • adverb
  • Final; with nothing following; after all others
  • Most recent; the latest
  • determiner
  • The one at the end
  • verb
  • To remain or continue for a certain period of time

thank

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US / θæŋk /

UK / θæŋk /

A1
  • verb
  • To tell someone you are grateful to them

love

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US / lʌv /

UK / lʌv /

A1
  • noun
  • Person's name
  • A very strong feeling of affection
  • The person you care very deeply about
  • Strong, deep emotional and sexual attraction
  • verb
  • To care for and like someone very strongly, deeply
  • To like doing very much; enjoy greatly
  • To feel a strong emotional and romantic attraction

many

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US / 'menɪ /

UK / ˈmɛni /

A1
  • determiner
  • Used to refer a large number of things

end

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US / end /

UK / ɛnd /

A1
  • noun
  • The point where a process or activity stops
  • A point that marks the limit of something; finish
  • Goal or desired result
  • The tip, edge or limit of something
  • verb
  • To be the last part of something

probably

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US / ˈprɒbəbli /

UK / ˈprɑbəbli /

A1
  • adverb
  • That is likely to happen or be true

point

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US / pɔɪnt /

UK / pɔɪnt /

A1
  • noun
  • An item to be discussed
  • Small spot or dot
  • Fact or detail
  • Feature of something
  • The size of the text on a page or screen
  • A certain time or stage in a process
  • Certain position in time or space
  • Idea or fact you try to convince people about
  • Measurement of scores in a game, sport
  • Sharp end of something, e.g. a pen or pin
  • verb
  • To face a certain direction, e.g. north
  • To indicate something with your finger to others

everything

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US / 'evrɪθɪŋ /

UK / ˈɛvriˌθɪŋ /

A1
  • pronoun
  • All of the things mentioned

hear

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US / hɪə(r) /

UK / hɪr /

A1
  • verb
  • To be aware of sound; to perceive with the ear
  • To be told or find out information or facts
  • To consider or listen to a court case

own

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US / əʊn /

UK / on /

A1
  • adjecitve
  • Belong to oneself
  • determiner
  • Yours, his, hers, etc.; not belonging to another
  • pronoun
  • (Something) belong to myself
  • verb
  • To have something as your property

enough

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US / ɪˈnʌf /

UK / ɪˈnʌf /

A1
  • adjecitve
  • Sufficient to answer the need
  • adverb
  • To a satisfactory degree
  • pronoun
  • Equal to what is needed; as much as required
  • Adequate number or amount

course

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US / kɔː(r)s /

UK / kɔː(r)s /

A2
  • noun
  • The route or direction e.g. a river moves along
  • A series of lessons given over time
  • Part of a meal that is served separately
  • Place where horses etc. race against each other
  • Route or direction that a river, etc. moves along
  • verb
  • To flow somewhere rapidly and in great quantity

everyone

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US / ˈevriwʌn /

UK / ˈɛvriˌwʌn /

A1
  • pronoun
  • Every person; everybody

become

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US / bɪ'kʌm /

UK / bɪˈkʌm /

A1
  • verb
  • To begin to be; grow to be; develop into
  • To be suitable for a particular job or role

five

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US / faɪv /

UK / faɪv /

A1
  • number
  • 5

easy

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US / ˈi:zi /

UK / ˈizi /

A1
  • adjecitve
  • Not hard to do; not difficult

nothing

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US / 'nʌθɪŋ /

UK / ˈnʌθɪŋ /

A1
  • noun
  • Item of little or no value, importance, interest
  • Number or value of zero
  • pronoun
  • Not anything, not a single thing

face

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US / feɪs /

UK / fes /

A1
  • noun
  • Side or outer surface of something
  • An expression using mouth, nose, eyes etc.
  • Front part of the head where eyes, mouth etc. are
  • Characteristics you show in public
  • verb
  • To cover a surface with something like paint
  • To deal with a problem or responsibilities
  • To look toward; point in a certain direction

without

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US / wɪˈðaʊt /

UK / wɪðˈaʊt, wɪθ- /

A1
  • preposition
  • Not with; not having

guess

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US / ɡes /

UK / ɡɛs /

A1
  • noun
  • Answer given when you don't know if it is correct
  • verb
  • To give an answer without knowing if it is correct

question

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US / 'kwestʃən /

UK / ˈkwɛstʃən /

A1
  • noun
  • Issue or problems you are dealing with
  • What you ask about; issue
  • verb
  • To ask for or try to get information
  • To have or express concerns or uncertainty

fact

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US / fækt /

UK / fækt /

A1
  • noun
  • Something that is known or proved to be true

quite

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US / kwaɪt /

UK / kwaɪt /

A1
  • adverb
  • Not very; fairly
  • Very; In a complete or total manner

small

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US / smɔ:l /

UK / smɔl /

A1
  • adjecitve
  • Little in size; not big
  • (Of letters) not written in capital letters
  • Being insignificant or minor
  • (Of a business) with few people or things; local
  • (Of voice) being soft and quiet
  • (Of a child) being young

line

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US / laɪn /

UK / laɪn /

A1
  • noun
  • Border that divides two places or regions
  • Long crease in the skin, often from age
  • Mark that is long, straight and very thin
  • Row of words, letters or numbers that are written
  • Telephone connection
  • People waiting one behind the other; queue
  • Long thin wire, e.g. for electrical signal
  • verb
  • To put material along the inside of something

care

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US / keə(r) /

UK / kɛr /

A1
  • noun
  • Treatment you receive for your health or safety
  • Something that a person worries about
  • verb
  • To feel interest, concern, or worry
  • To look after someone or something

later

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US / ˈleɪtə(r) /

UK / ˈletɚ /

A1
  • adverb
  • Happening after now

walk

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US / wɔ:k /

UK / wɔk /

A1
  • noun
  • Journey on foot done for pleasure or exercise
  • verb
  • To move with your legs at a slowish pace

under

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US / ˈʌndə(r) /

UK / ˈʌndɚ /

A1
  • adjecitve
  • In the same place as another thing, but lower
  • adverb
  • In a lower quantity or price than expected
  • preposition
  • According to the terms of an agreement or law
  • Managed or controlled by the authority of
  • Being of a lesser quality or amount than expected
  • Influenced or affected by something or someone
  • Less or lower in age, amount, size or number

miss

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US / mɪs /

UK / mɪs /

A1
  • noun
  • Action of not hitting something or someone
  • Form of address to unmarried girl or woman
  • verb
  • To be absent
  • To fail to hit something e.g. a ball
  • To do without something
  • To fail to see or sense something
  • To fail to understand someone's message
  • To be too late to ride on something e.g. train
  • To feel you want to see someone who is not there

below

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US / bɪ'ləʊ /

UK / bɪˈlo /

A1
  • preposition
  • In a lower position, place, or level

create

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US / krɪ'eɪt /

UK / kriˈet /

A1
  • verb
  • To make, cause, or bring into existence

basically

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US / ˈbeɪsɪkli /

UK / ˈbesɪkəli,-kli /

A2
  • adverb
  • Used before you explain something simply, clearly

obviously

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US / ˈɒbviəsli /

UK / ˈɑːbviəsli /

A2
  • adverb
  • In a way that is obvious/easy to see or understand

deal

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US / di:l /

UK / dil /

A1
  • verb
  • To cope with something - usually troubles
  • To give (something bad e.g. news) to
  • To buy and sell illegal drugs
  • To give out (cards, etc.) to; distribute
  • To do business with someone or to sell products

happy

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US / ˈhæpi /

UK / ˈhæpi /

A1
  • adjecitve
  • Feeling pleasure or joy; glad

speak

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US / spi:k /

UK / spik /

A1
  • verb
  • To be able to use a certain language
  • To use words to tell information, express thoughts

family

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US / 'fæməlɪ /

UK / ˈfæmli /

A1
  • noun
  • Close group of people or organizations
  • A group of people who are related through blood
  • Group of related plants or animals

matter

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US / 'mætə(r) /

UK / ˈmætɚ /

A1
  • noun
  • Material all things are made of that fills space
  • Problem or reason for concern
  • verb
  • To be of great importance; to count

include

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US / ɪnˈklu:d /

UK / ɪnˈklud /

A1
  • verb
  • To make someone, something part of a group

single

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US / 'sɪŋɡl /

UK / ˈsɪŋɡəl /

A1
  • adjecitve
  • Being one only, without others
  • Only; merely
  • Not married or in a relationship
  • noun
  • One run in cricket or a hit baseball
  • An individual song from a CD or album
  • Person who is not married or in a relationship

level

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US / 'levl /

UK / ˈlɛvəl /

A2
  • adjecitve
  • (Sports) equal to another
  • Being steady and determined (e.g. a voice)
  • noun
  • Specific height of something
  • Amount of ability you have compared to others
  • Floor or deck within a building
  • Tool used to determine if something is lying flat
  • verb
  • To aim a gun at someone
  • To destroy a building; flatten an area completely
  • To make things flat or even
  • To make a score equal to another, in sports

interesting

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US / ˈɪntrəstɪŋ /

UK / ˈɪntrɪstɪŋ, -tərɪstɪŋ, -təˌrɛstɪŋ /

A1
  • adjecitve
  • Taking your attention; making you want to know
  • verb
  • To make someone want to know about something
  • To persuade to do, become involved with something

share

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US / ʃeə(r) /

UK / ʃɛr /

A2
  • noun
  • Part-ownership in a property, business or company
  • Part of a company you own, shown by a certificate
  • verb
  • To divide something between two or more people
  • To allow others to use your things equally
  • To give information, etc. to someone

example

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US / ɪgˈzɑ:mpl /

UK / ɪɡˈzæmpəl /

A1
  • noun
  • Thing, person which represents a category

whether

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US / ˈweðə(r) /

UK / ˈhwɛðɚ, ˈwɛð- /

A1
  • conjunction
  • If something will happen or not

spend

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US / spend /

UK / spɛnd /

A2
  • verb
  • To use money to pay for something
  • To use time in order to do something
  • To use up something completely

low

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US / ləʊ /

UK / lo /

A1
  • adjecitve
  • Having a small quantity, supply, or amount
  • Being unhappy or unpleasant in attitude
  • Not high; being near the ground, or bottom
  • (Of a voice, sound) being soft; quiet
  • noun
  • Situation of not having a lot of something

fire

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US / 'faɪə(r) /

UK / faɪr /

A1
  • noun
  • Heat and the flame produced when burning
  • Intense energy for or about something
  • verb
  • To apply heat to something to make it hard
  • To make a person leave their job; dismiss
  • To shoot a gun or weapon
  • To launch something into the sky, e.g. a rocket
  • To start working on something e.g. a project

excited

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US / ɪkˈsaɪtɪd /

UK / ɪkˈsaɪtɪd /

A2
  • adjecitve
  • Happy, interested or eager; enthusiastic
  • verb
  • To make something or someone become more active
  • To make someone feel happy, interested or eager

final

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US / ˈfaɪnl /

UK / ˈfaɪnəl /

A1
  • adjecitve
  • That will not be changed; permanent
  • Being the last thing in a series
  • noun
  • Last game in a series in a competition

usually

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US / ˈju:ʒuəli /

UK / ˈjuːʒuəli /

A1
  • adverb
  • Normally; regularly

mention

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US / 'menʃn /

UK / ˈmɛnʃən /

A2
  • noun
  • Act of referring to or talking about something
  • verb
  • To refer to or talk or write about something

however

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US / haʊˈevə(r) /

UK / haʊˈevɚ /

A1
  • adverb
  • In whatever way; by whatever means
  • conjunction
  • (Used to introduce a counter statement)

business

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US / ˈbɪznəs /

UK / ˈbɪznɪs /

A1
  • noun
  • A company formed for making profit
  • Matter that has to be dealt with; task; situation
  • Activity of working to make a profit

worry

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US / ˈwʌri /

UK / ˈwɜ:ri /

A1
  • noun
  • Something that causes trouble or concern
  • verb
  • To cause concern or trouble over something
  • To feel concerned or troubled about something

extra

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US / 'ekstrə /

UK / 'ekstrə /

A2
  • adjecitve
  • More than necessary; additional
  • noun
  • Items more than you need; additional items
  • Person who has a small part in a movie
  • Special version of a newspaper

bottom

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US / 'bɒtəm /

UK / ˈbɑtəm /

A2
  • adjecitve
  • Concerning the part under something, e.g. a vase
  • noun
  • The part of your body you sit on
  • Lowest position, often in a company or contest
  • Lowest part of something; part on which it rests
  • Lowest level, part or point of an object
  • The part under something, e.g. a vase
  • verb
  • To hit the lowest part of something

green

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US / gri:n /

UK / ɡrin /

A1
  • adjecitve
  • Color of young leaves
  • Covered with vegetation, e.g. grass
  • Concerned about protecting the environment
  • The color of young leaves
  • Lacking in experience/knowledge due to being young
  • Being not fully grown or ripe, as in fruit
  • noun
  • Large grassy area
  • used as a part of a name of a place (UK)

opportunity

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US / ˌɒpə'tju:nətɪ /

UK / ˌɑpɚˈtunɪti, -ˈtju- /

A2
  • noun
  • Time, situation when a thing might be done; chance

position

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US / pəˈzɪʃn /

UK / pəˈzɪʃən /

A1
  • noun
  • Person's opinion or attitude about something
  • Specific location where someone or something is
  • Where you play or your role on a sports team
  • Person's job or status level
  • Set of conditions affecting what you can (not) do
  • verb
  • To put in a particular location or direction

rule

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US / ruːl /

UK / ruːl /

A2
  • noun
  • Something that is normal and usually happens
  • Governmental control or power over a region
  • Statement that says how things should be
  • verb
  • To decide legally, especially in court
  • To have control or influence
  • To mark with a straight line

likely

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US / 'laɪklɪ /

UK / ˈlaɪkli /

A1
  • adjecitve
  • With a good chance that a thing will really happen
  • Seeming suitable or good for a particular purpose

provide

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US / prə'vaɪd /

UK / prəˈvaɪd /

A1
  • verb
  • To make available; to supply for use
  • To make certain something will happen or be done
  • To offer or give something that is wanted, needed

cost

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US / kɒst /

UK / kɔ:st /

A1
  • noun
  • A loss or damage occurring when meeting a goal
  • The price you pay for something
  • verb
  • To make someone suffer or lose something of value

effect

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US / ɪ'fekt /

UK / ɪˈfɛkt /

A1
  • noun
  • An advantage, benefit
  • Change brought about by a cause; result

several

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US / ˈsevrəl /

UK / ˈsɛvərəl,ˈsɛvrəl /

A1
  • adjecitve
  • Many of
  • pronoun
  • More than two but not a large amount

increase

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US / ɪn'kri:s /

UK / ɪnˈkris /

A1
  • noun
  • Fact of increasing; amount something grows by
  • verb
  • To make or become larger in size or amount

price

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US / praɪs /

UK / praɪs /

A1
  • noun
  • Person's name
  • Cost of something in money
  • verb
  • To determine or set the cost of something

card

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US / kɑ:d /

UK / kɑ:rd /

A1
  • noun
  • One of 54 pieces of paper used in a game of cards
  • Small piece of paper or plastic used as ID
  • verb
  • (Golf) to record how many hits you took

massive

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US / ˈmæsɪv /

UK / ˈmæsɪv /

B1
  • adjecitve
  • Very big; large; too big

recently

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US / ˈri:sntli /

UK / 'risṇtlɪ /

A1
  • adverb
  • Just a while ago; not long ago

nobody

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US / ˈnəʊbədi /

UK / ˈnoʊbədi /

A1
  • pronoun
  • No person; no one; not any person

exist

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US / ɪɡ'zɪst /

UK / ɪɡˈzɪst /

A1
  • verb
  • To be present, alive or real

government

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US / ˈgʌvənmənt /

UK / ˈɡʌvənmənt /

A1
  • noun
  • Group of people and system that rule a nation

hide

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US / haɪd /

UK / haɪd /

A1
  • noun
  • The skin of an animal used for making leather
  • verb
  • To go to, or put a thing where it can't be found

shop

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US / ʃɒp /

UK / ʃɑ:p /

A1
  • noun
  • Place to learn how to fix or make things; class
  • Place where things are fixed or repaired, e.g. cars
  • Place which sells things
  • verb
  • To look for or buy goods or services

promise

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US / 'prɒmɪs /

UK / ˈprɑmɪs /

A1
  • verb
  • To say you will certainly do something

project

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US / prəˈdʒekt /

UK / prəˈdʒɛkt /

A1
  • noun
  • A planned piece of work for specific purpose
  • Group of homes built by government for poor people
  • verb
  • To predict what will happen in the future
  • To show something on a screen using light
  • To stick out past the edge of something

decade

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US / ˈdekeɪd /

UK / ˈdɛkˌed, dɛˈked /

B1
  • noun
  • Period of 10 years

describe

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US / dɪ'skraɪb /

UK / dɪˈskraɪb /

A1
  • verb
  • To tell the appearance, sound, smell of something

load

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US / ləʊd /

UK / lod /

A2
  • noun
  • Large, often heavy, amount of a thing to be moved
  • A burden; heavy responsibility
  • Many or much of something; a lot of
  • Items that fill a truck, machine
  • verb
  • To put in items for use (e.g. bullets in a gun)

target

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US / 'tɑ:ɡɪt /

UK / ˈtɑrɡɪt /

A2
  • noun
  • A goal or amount you are trying to achieve
  • Group you are trying to sell to or influence
  • Something shot at to practice shooting
  • verb
  • To try to influence; direct a message toward
  • (Army) to aim an attack at something

suggest

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US / səˈdʒest /

UK / səɡˈdʒɛst, səˈdʒɛst /

A1
  • verb
  • To mention something that could be done; propose

code

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US / kəʊd /

UK / kod /

A2
  • noun
  • A password made of a set of letters or numbers
  • Set of rules for behavior
  • A secret language using secret symbols
  • Written part of a computer program
  • verb
  • To express information in a series of numbers
  • To write a secret message using secret symbols
  • To write programs using computer languages

strike

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US / straɪk /

UK / straɪk /

A2
  • noun
  • A punch or hit
  • Fact of not hitting the ball when playing baseball
  • Refusal to work to get more pay, protest something
  • verb
  • To hit something
  • To suddenly become (e.g. rich)
  • To have an idea occur to you

item

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US / ˈaɪtəm /

UK / ˈaɪtəm /

A2
  • noun
  • Single, brief piece of news or reporting
  • Distinct, individual thing, often part of a group

law

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US / lɔ: /

UK / lɔ /

A1
  • noun
  • Field of study that relates to the legal profession
  • A rule made and enforced by a government
  • System or rules made by the government

announce

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US / əˈnaʊns /

UK / əˈnaʊns /

A2
  • verb
  • To make a public statement about a plan, decision

device

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US / dɪˈvaɪs /

UK / dɪˈvaɪs /

A2
  • noun
  • Object, machine, or equipment for a specific use
  • Method of doing something; a way

reaction

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US / rɪ'ækʃn /

UK / riˈækʃən /

A2
  • noun
  • Bodily response to a drug or something eaten
  • Feeling or action in response to something

billion

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US / ˈbɪljən /

UK / ˈbɪljən /

A2
  • noun
  • Number 1,000,000,000

former

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US / ˈfɔ:mə(r) /

UK / ˈfɔrmɚ /

A2
  • adjecitve
  • Being something previously, but not now
  • noun
  • The first mentioned

lower

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US / 'ləʊə(r) /

UK / ˈlaʊɚ, laʊr /

A2
  • adjecitve
  • In a position more near the bottom
  • verb
  • To move something downward to the ground

measure

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US / ˈmeʒə(r) /

UK / ˈmɛʒɚ /

A1
  • noun
  • Plan to achieve a desired result
  • Tool used to calculate the size of something
  • verb
  • To determine the value or importance of something
  • To calculate size, weight or temperature of

credit

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US / 'kredɪt /

UK / ˈkrɛdɪt /

A2
  • adjecitve
  • Having a positive amount of money
  • noun
  • System to buy something and pay for it later
  • Points earned instead of money
  • Quality of having a good reputation for a reason
  • Points earned towards a university degree
  • verb
  • To add a certain amount of money to a total
  • To recognize someone's achievements or help

slowly

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US / ˈsləʊli /

UK / ˈsloʊli /

A1
  • adverb
  • In an unhurried or not speedy manner

limited

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US / ˈlɪmɪtɪd /

UK / ˈlɪmɪtɪd /

B1
  • adjecitve
  • (Of a company) with a limit of financial liability
  • With restrictions; not broad in scope
  • verb
  • To stop or prevent an increase past a point

tech

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US / tek /

UK / tɛk /

A2
  • noun
  • Shortened form of 'technology' or 'technician'

political

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US / pəˈlɪtɪkl /

UK / pəˈlɪtɪkəl /

A2
  • adjecitve
  • Being active or interested in government matters
  • Diplomatic
  • Of the system of elections and government
  • Concerning government or public affairs
  • Involved in getting of power/influence in a group

bank

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US / bæŋk /

UK / bæŋk /

A1
  • noun
  • A financial institution that keeps or lends money
  • The side of a river
  • A row of things in lines (e.g. computers)
  • verb
  • To put or keep your money in a bank
  • To turn a plane when flying; (of a plane) to turn

statement

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US / ˈsteɪtmənt /

UK / ˈstetmənt /

A2
  • noun
  • Record of activity in a bank account over time
  • Act or process of saying something formally

concerned

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US / kənˈsɜ:nd /

UK / kənˈsə:nd /

A2
  • adjecitve
  • Worried or anxious
  • verb
  • To be about a particular topic
  • To have a direct impact on someone
  • To be responsible or mixed up in; to be involved
  • To feel worry or anxiety

task

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US / tɑ:sk /

UK / tæsk /

A2
  • noun
  • Big or small piece of work someone has to do
  • verb
  • To be given something to do, e.g. wash dishes

expand

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US / ɪk'spænd /

UK / ɪkˈspænd /

A2
  • verb
  • To make something larger in size, number, amount

economy

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US / ɪ'kɒnəmɪ /

UK / ɪˈkɑnəmi /

A1
  • noun
  • Using money, resources in a careful, effective way
  • Total of all goods, services and wages in an area

storm

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US / stɔ:m /

UK / stɔrm /

A1
  • noun
  • Weather with a lot of rain, snow and strong winds
  • verb
  • To act violently or angrily

ticket

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US / 'tɪkɪt /

UK / ˈtɪkɪt /

A1
  • noun
  • Piece of paper allowing you enter or use something
  • Official paper showing something illegal was done
  • Printed paper showing a price, size or information
  • verb
  • To sell tickets for an event, journey or activity
  • To give paper to show someone had acted illegally

economic

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US / ˌi:kəˈnɒmɪk /

UK / ˌɛkəˈnɑmɪk, ˌikə- /

A2
  • adjecitve
  • Concerning trade, industry, and money

bump

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US / bʌmp /

UK / bʌmp /

B1
  • noun
  • Act or sound of one solid object hitting another
  • Raised area on any smooth surface
  • verb
  • To bounce along over a rough surface
  • To knock against with force or violence
  • To move someone to a different group, time or area

cloud

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US / klaʊd /

UK / klaʊd /

A1
  • noun
  • A mass of smoke or mist hanging in the air
  • verb
  • To confuse the mind/judgment of a person
  • (Of the sky) to get darker and fill with clouds
  • To make (glass, etc.) difficult to see through
  • To make an activity less pleasant or enjoyable
  • (Of person's face, etc.) to show worry/anger

budget

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US / 'bʌdʒɪt /

UK / ˈbʌdʒɪt /

A2
  • adjecitve
  • Low cost; inexpensive
  • noun
  • Amount of money planned to be spent
  • verb
  • To make a plan for how to spend your money

canada

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US / 'kænədə /

UK / ˈkænədə /

A1
  • proper noun
  • A country in northern North America, the second largest country in the world; population 35,900,000

protection

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US / prəˈtekʃn /

UK / prəˈtɛkʃən /

A2
  • noun
  • Being kept from harm
  • Something that defends against harm or danger

chief

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US / tʃi:f /

UK / tʃif /

A2
  • adjecitve
  • The one highest in authority or importance
  • noun
  • Leader of a race or group of people
  • The one highest in authority or importance

predict

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US / prɪ'dɪkt /

UK / prɪˈdɪkt /

A2
  • verb
  • To guess or estimate what will or might happen

bucket

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US / 'bʌkɪt /

UK / ˈbʌkɪt /

B1
  • noun
  • Open container with a handle used to carry liquids

federal

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US / 'fedərəl /

UK / ˈfɛdərəl, ˈfɛdrəl /

B1
  • adjecitve
  • Consisting of several united states

independent

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US / ˌɪndɪˈpendənt /

UK / ˌɪndɪˈpɛndənt /

A2
  • adjecitve
  • Making your own decisions; acting by yourself
  • noun
  • A person not connected to a political party

consumer

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US / kənˈsju:mə(r) /

UK / kənˈsumɚ /

A2
  • noun
  • Person who buys goods or services

canadian

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US / kəˈneɪdiən /

UK / kəˈnediən /

A1
  • adjecitve
  • Concerning the culture and people of Canada
  • noun
  • Person from Canada

grocery

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US / 'ɡrəʊsərɪ /

UK / 'ɡroʊsərɪ /

B2
  • noun
  • Daily foods such as flour, sugar, and tinned foods

conduct

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US / kənˈdʌkt /

UK / kənˈdʌkt /

B1
  • noun
  • Your behavior
  • verb
  • To behave in a certain way; e.g. at a party
  • To let electricity or heat travel through
  • To lead or guide people
  • To direct a group of musicians in performance
  • To direct or control some process or procedure

priority

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US / praɪ'ɒrətɪ /

UK / praɪˈɔrɪti, -ˈɑr- /

B1
  • noun
  • Thing that is more important/urgent than others

decline

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US / dɪ'klaɪn /

UK / dɪˈklaɪn /

A2
  • noun
  • A lowering in quality or value
  • verb
  • To bend towards the ground
  • To lessen in quality or value
  • To not accept an invitation or offer; refuse

relief

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US / rɪˈli:f /

UK / rɪˈlif /

B1
  • noun
  • Aid given to people in need as after war/disaster
  • Artwork, e.g. part of wall, that partly sticks out
  • People who replace other workers and their duties
  • Release from worry, stress or tension

repair

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US / rɪˈpeə(r) /

UK / rɪˈper /

A2
  • noun
  • How well cared for a thing is; physical condition
  • Action to fix or restore something that is broken
  • verb
  • To fix or restore something that is broken
  • To fix or correct the damage that one has caused

excitement

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US / ɪkˈsaɪtmənt /

UK / ɪkˈsaɪtmənt /

A2
  • noun
  • When people feel very happy and enthusiastic

debt

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US / det /

UK / dɛt /

A2
  • noun
  • Sum of money owed to someone that is not yet paid

compromise

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US / 'kɒmprəmaɪz /

UK / ˈkɑmprəˌmaɪz /

B1
  • noun
  • When you lessen your demands to get agreement
  • verb
  • To weaken your position or views
  • To lessen your demands so as to reach agreement
  • To put something at risk or in danger

concert

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US / 'kɒnsət /

UK / ˈkɑnˌsɚt, -sət /

A1
  • noun
  • Musical entertainment performed in public

ratio

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US / ˈreɪʃiəʊ /

UK / ˈreɪʃioʊ /

C2
  • noun
  • The relationship in relative size, etc.

educate

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US / ˈedʒukeɪt /

UK / ˈɛdʒəˌket /

A2
  • verb
  • To teach someone in a school or college

fee

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US / fi: /

UK / fi /

A2
  • noun
  • Amount of money paid for a particular service

loan

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US / ləʊn /

UK / lon /

A2
  • noun
  • Act of allowing someone to borrow something
  • verb
  • To give money, etc. that must be paid back

toronto

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US / tə'rɒntəʊ /

UK / tə'rɑnto /

A1
  • proper noun
  • A city in Canada, capital of Ontario, on the northern shore of Lake Ontario; population 2,503,281 (2

ecosystem

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US / ˈi:kəʊsɪstəm /

UK / ˈɛkoˌsɪstəm, ˈiko- /

B1
  • noun
  • Types of plants and animals in an specific area

junk

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US / dʒʌŋk /

UK / dʒʌŋk /

B1
  • noun
  • Something that is old, useless, or has no value
  • verb
  • To get rid of something because it has no value

inflation

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US / ɪn'fleɪʃn /

UK / ɪnˈfleʃən /

B1
  • noun
  • Act of filling something with air or gas
  • Continual rise in the prices of products

stoke

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US / stəʊk /

UK / stok /

C1
  • verb
  • To add fuel or tend a fire to make it stronger

liberal

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US / 'lɪbərəl /

UK / ˈlɪbərəl, ˈlɪbrəl /

B1
  • adjecitve
  • Open-minded; willing to hear others' opinions
  • Political party for freedom and social change
  • Supporting progress and social change
  • Not being strict
  • noun
  • Someone who is open-minded and favors progress

healthcare

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US / 'helθkeə /

UK / 'helθker /

B1
  • noun
  • Nursing care to prevent illness or recover from it

airline

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US / ˈeəlaɪn /

UK / ˈerlaɪn /

A2
  • noun
  • Company that flies passengers in its planes

brew

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US / bru: /

UK / bru /

B1
  • noun
  • A beer; a drink of beer
  • verb
  • To make an alcoholic drink e.g. beer
  • To make tea by soaking the leaves in boiling water
  • (Of trouble) to be about to happen; start forming

rewrite

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US / ˌri:'raɪt /

UK / riˈraɪt /

A2
  • verb
  • To write again to improve, or correct errors

alexander

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US / ˌælɪgˈzændə /

UK / ˌælɪɡˈzændɚ /

A1
  • noun
  • European herb somewhat resembling celery widely naturalized in Britain coastal regions and often cul

pivot

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US / 'pɪvət /

UK / ˈpɪvət /

B2
  • noun
  • Point on which something turns or balances
  • verb
  • To turn or balance on a center point

anne

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US / æn /

UK / æn /

A1
  • noun
  • Queen of England and Scotland and Ireland; daughter if James II and the last of the Stuart monarchs;

mortgage

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US / 'mɔ:ɡɪdʒ /

UK / ˈmɔrɡɪdʒ /

B1
  • noun
  • Long-term loan from a bank for buying property

craig

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US / kræg /

UK / kræɡ /

A1

accountability

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US / əˌkaʊntə'bɪlətɪ /

UK / əˌkaʊntə'bɪlətɪ /

B1
  • noun
  • Responsibility to someone or for some activity

applaud

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US / əˈplɔ:d /

UK / əˈplɔd /

B1
  • verb
  • To clap the hands together to express support

economist

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US / ɪˈkɒnəmɪst /

UK / ɪˈkɑ:nəmɪst /

A2
  • noun
  • A person who studies economics

deficit

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US / ˈdefɪsɪt /

UK / ˈdɛfɪsɪt /

B1
  • noun
  • Amount less than what is needed or required

cancellation

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US / ˌkænsəˈleɪʃn /

UK / ˌkænsəˈleʃən /

A2
  • noun
  • Act of stopping a planned event from happening

merchant

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US / ˈmɜ:tʃənt /

UK / ˈmɜ:rtʃənt /

B1
  • noun
  • Someone who buys and sells goods
  • Person who buys, sells, or trades different goods

rightly

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US / ˈraɪtli /

UK / ˈraɪtli /

B1
  • adverb
  • In accordance with what is right

lending

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US / ˈlendɪŋ /

UK / ˈlɛndɪŋ /

A2
  • verb
  • To let someone borrow something for a while
  • To give help or support to someone in need

dental

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US / ˈdentl /

UK / ˈdɛntl /

B1
  • adjecitve
  • Concerning the teeth

baggage

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US / ˈbægɪdʒ /

UK / ˈbæɡɪdʒ /

A2
  • noun
  • Bags a person carries when traveling; luggage

federation

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US / ˌfedəˈreɪʃn /

UK / ˌfɛdəˈreʃən /

C1
  • noun
  • Group of organizations joined together

crackdown

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US / ˈkrækdaʊn /

UK / ˈkrækˌdaʊn /

C2
  • noun
  • Increased effort to enforce the law or a rule

fiscal

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US / ˈfɪskl /

UK / ˈfɪskəl /

B2
  • adjecitve
  • Concerning government spending and taxing

predatory

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US / 'predətrɪ /

UK / ˈprɛdəˌtɔri, -ˌtori /

B1
  • adjecitve
  • Preying on the weak to gain an advantage

payday

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US / ˈpeɪdeɪ /

UK / ˈpeˌde /

A1
  • noun
  • Day on which you receive pay for your work

tightrope

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US / ˈtaɪtrəʊp /

UK / ˈtaɪtˌrop /

C2
  • noun
  • Wire high in the air on which acrobats perform

affordability

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US / əˌfɔːdəˈbɪlɪti /

UK / əˌfɔrdəˈbɪləti /

B1
  • noun
  • Cheap enough to buy something you want

rebate

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US / 'ri:beɪt /

UK / ˈriˌbet /

B2
  • noun
  • Refund of some fraction of the amount paid
  • verb
  • To refund a fraction of the amount paid

inflationary

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US / ɪnˈfleɪʃənri /

UK / ɪnˈfleʃəˌnɛri /

B1
  • adjecitve
  • Tending to cause increases in prices

modernization

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US / ˌmɒdənaɪ'zeɪʃn /

UK / ˌmɑdɚnəˈzeʃən /

A2
  • noun
  • The process of making something up-to-date

modestly

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US / 'mɒdɪstlɪ /

UK / ˈmɑdɪstlɪ /

B1
  • adverb
  • With modesty; in a modest manner

deloitte

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US / dəˈlɔɪt /

UK / /

A1

gst

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US / ˌdʒiː es ˈtiː /

UK / ˌdʒiː es ˈtiː /

A1
  • abbreviation
  • GST is an acronym
  • Introduction to Video Content
  • The Federal Budget for 2023 has been a topic of discussion among Canadians, particularly in relation to its impact on the country's inflation rate. One of the notable measures in the budget is a grocery rebate aimed at providing relief from inflation. While this rebate is expected to have some effect, its scope may be limited for many families. It is essentially a top-up of an existing GST rebate, with a significant allocation of $2.5 billion. However, before delving further into the potential effects on inflation, let's examine what else the budget entails. Many individuals have expressed concerns about inflation, as it has reached levels not seen in decades. Thus, the Liberal government faced the challenge of announcing measures that would generate excitement without fueling inflation. Consequently, the budget included a range of low-cost initiatives, primarily focused on consumer protection. These measures aim to address issues such as junk fees, baggage costs, right-to-repair rules for electronic devices, airline cancellation accountability, and predatory lending. The latter encompasses regulations on payday loans, while a mortgage code of conduct has also been promised. Overall, economists have described this budget as relatively small for the Liberals due to its emphasis on cost-effective measures and consumer protection.
  • Subtitles section
  • What did you see in the budget that will provide relief from inflation for Canadians?
  • Obviously this grocery rebate is going to have some effect, even if for a lot of families it's limited.
  • Right, and it is a grocery rebate that's basically a top-up of an existing GST rebate.
  • That's the biggest kind of affordability line item at $2.5 billion.
  • But let's talk about what was in this budget before I tell you more about the, you know, whether or not it's going to stoke that inflationary fire.
  • There are a lot of people very concerned about this because, of course, inflation is at levels we haven't seen in many decades.
  • So the Liberals were tasked with something that is not easy.
  • They had to walk this fiscal and political tightrope where they had to announce things that people would get excited about without stoking inflationary fires.
  • So we saw a big pivot.
  • This was a budget that was described to me by several economists as a small one for the Liberals.
  • There were a lot of low-cost measures in it, things that I would put under the bucket of consumer protection.
  • So, for example, a crackdown on junk fees.
  • So those extra items that are usually hidden and bump up the final price of things like a concert ticket.
  • Baggage costs.
  • They want to rewrite the right-to-repair rule so it doesn't matter what tech ecosystem your device is, we're not going to create more e-waste and it's not going to cost you quite as much to get it repaired.
  • More airline cancellation accountability, for example.
  • And a crackdown and a modernization of federal laws around predatory lending.
  • Those so-called payday loans are included in that.
  • There was also a mortgage code of conduct promised.
  • So a lot of these items, the priorities in this budget, healthcare, the green economy, expanded dental care, and as you mentioned, that one-time grocery rebate, which really has nothing to do with grocery spend.
  • That was the single biggest line item in all of this.
  • So one of the things that is interesting about this budget is it struck a kind of compromise.
  • And I want to share with you some reaction I got from the Canadian Federation of Independent Business.
  • And they talk about their excitement about the fact that they applaud that there is a deal to lower credit card fees for small merchants, as promised in last fall's economic statement.
  • However, they say the budget was a missed opportunity to provide relief to small businesses facing massive debt loads and cost increases.
  • So there is that kind of compromise where they get some of what they wanted but not everything.
  • And to the point of, you know, is this inflationary?
  • I've been speaking to several economists, including Craig Alexander, who is the former chief economist at TD and more recently at Deloitte.
  • And he is now at his own shop, and he says this government, he rightly points out, is projecting deficits for the next five years.
  • The debt-to-GDP ratio increases and declines slowly.
  • The fiscal positions suggest that this is inflationary.
  • However, the question becomes how inflationary?
  • And he says, I think it is only modestly inflationary and probably not enough to worry the Bank of Canada, is the bottom line.
  • Yeah, and really, at the end of the day, it's an educated guess, right?
  • Nobody knows.
  • There are a lot of storm clouds brewing.
  • Now, it is interesting as well in the budget.
  • It does predict inflation is likely to get below 3% later this year and below 2%, which is the Bank of Canada's target next year.
  • Consumers will be happy to hear that.
  • Anne Gavriola in Toronto, thank you very much.
  • A little something for everyone.
  • Yeah, a little something for everyone.
  • We love that.
  • Thanks very much, Anne.