Highlights of the federal government’s fiscal update
Freeland budget is borrowing, taxing, tax breaks and rolling out the money for businesses and families.
Alberta outlook improves but budget deficit $21.3B: finance minister
Province’s economy hit by COVID-19 pandemic, the drop in oil prices and a global economic contraction.
Spending restraints shouldn’t be jettisoned because of pandemic
Former budget watchdog says government should move away from spending to stimulate the economy as conditions improve.
Ontario government presents $187B pandemic era budget
Will spend $45 billion over the next three years to respond to the global health crisis.
Ford government to present first pandemic budget, next steps for recovery
Will include a new standard for long-term care: nursing home residents receive an average of four hours of direct care daily.
Budget update won’t have fiscal anchor until after crisis: PM
It will provide some guidelines for ongoing spending to help the economy.
$660M in tax incentives, BC reveals details of $1.5B recovery plan
Details about how the money will be spent come amid speculation that Premier Horgan is considering a snap election
$1B supply bill passed in N.L. falls short of Liberal government’s wishes
The minority Liberal government had originally proposed a three-month $1.56-billion interim supply bill.
Ontario budget deficit projected to jump to $38.5B in 2020-2021
Province spent billions to support the health-care sector and help businesses and residents weather the storm.
Liberals foresee high unemployment, $343B deficit due to COVID-19
Fiscal snapshot foresees a slow return to a new normal, with low economic growth to at least the end of 2021.
Transform CERB into a basic annual income program for better Canada
A basic income program is necessary, but not sufficient, for a complete economic safety net, researchers suggest
Eight more weeks of CERB to cost $17.9 billion, budget officer says
CERB, now budgeted at $60 billion, has paid out $52.14 billion to over eight million people as of June 21.
Federal economics and fiscal ‘snapshot’ coming July 8: Trudeau
Prime minister said uncertainty from the pandemic makes meaningful forecasts impossible.
Saskatchewan says COVID-19 factor in $2.4B shortfall
Extra $2 billion in budget to be spent on infrastructure projects and highway upgrades.
Federal deficit likely reached $260B due to COVID-19: PBO
Finances could be helped by an economic recovery that would help lessen the red ink.