Canada’s Deficit Is 1,000% Higher Than Projected At Start Of 2020

Article Link: https://www.huffingtonpost.ca/entry/canada-deficit-2020_ca_5f060714c5b67a80bc01d5bc

Discussion posted by: David McNamara

OTTAWA — Nearly two million Canadians could be without jobs this year under forecasts released by the federal government in its long-awaited “fiscal snapshot.” The document details how the Trudeau Liberals see the COVID-19 pandemic dragging down the domestic economy and sending the deficit to a historic $343.2 billion. The economic and fiscal report from the government today lays out the Liberals’ belief that there will be a slow return to a new normal, with unemployment high and economic growth low through to at least the end of 2021.