Published 4 years ago

Fiscal update: Morneau projects $343.2-billion deficit; federal debt to climb above $1-trillion

Summary by The Globe & Mail

'Those who would have us do less ignore that without government action, millions of jobs would have been lost,' Finance Minister tells House of Commons. Figures released Wednesday provide the first estimate of Ottawa’s bottom line since a December report that was released prior to the pandemic.

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abc News

Canada predicts historic deficit due to pandemic spending

The Canadian government is predicting a historic CDN$343 billion (US$254 billion) deficit for 2020-21 resulting from its economic and stimulus plans to battle COVID-19

4 years ago·United States

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Washington Times

Canada predicts historic deficit due to pandemic spending

OTTAWA (AP) - The Canadian government is predicting a historic CDN$343 billion (US$254 billion) deficit for 2020-21 resulting from its economic and stimulus plans to battle COVID-19.The amount, included in a fiscal “snapshot” the Liberal government released Wednesday, is a huge jump from the CDN$28 billion (US$20.8 billion) deficit ...

4 years ago·United States

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National Post

Liberals' fiscal snapshot predicts $343 billion deficit as Bill Morneau offers little intention to curb spending

Finance Minister Bill Morneau indicated that total government spending would balloon to $612 billion by 2021, nearly double the $346 billion spent in 2019

4 years ago·Canada

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Sputnik News [🇷🇺-affiliated]

Canadian Federal Deficit to Soar Above $250 Billion Amid Pandemic, Finance Department Estimates

TORONTO (Sputnik) - The Canadian federal deficit is projected to soar to a record-high $254.19 billion in the fiscal year 2020-21, the Economic and Fiscal Snapshot 2020 revealed on Wednesday.

4 years ago·Russian Federation

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The Globe & Mail

Fiscal update: Morneau projects $343.2-billion deficit; federal debt to climb above $1-trillion

4 years ago·Canada

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CP24

Canada's deficit expected to hit $343 billion this fiscal year

Canada’s deficit for the 2020-2021 fiscal year is expected to hit $343-billion due to the impact of the COVID-19 pandemic, Finance Minister Bill Morneau said Thursday.

4 years ago·Toronto, Canada

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Fiscal update: Morneau projects $343.2-billion deficit; federal debt to climb above $1-trillion

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Canada predicts historic deficit due to pandemic spending

Canada predicts historic deficit due to pandemic spending

Canada predicts historic deficit due to pandemic spending

Canada predicts historic deficit due to pandemic spending

Liberals' fiscal snapshot predicts $343 billion deficit as Bill Morneau offers little intention to curb spending

Liberals' fiscal snapshot predicts $343 billion deficit as Bill Morneau offers little intention to curb spending

Canadian Federal Deficit to Soar Above $250 Billion Amid Pandemic, Finance Department Estimates

Canadian Federal Deficit to Soar Above $250 Billion Amid Pandemic, Finance Department Estimates

Fiscal update: Morneau projects $343.2-billion deficit; federal debt to climb above $1-trillion

Fiscal update: Morneau projects $343.2-billion deficit; federal debt to climb above $1-trillion

Canada's deficit expected to hit $343 billion this fiscal year

Canada's deficit expected to hit $343 billion this fiscal year

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