$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.
Trudeau cites uncertainty around pandemic for budget delay
Federal spending to combat the economic fallout from the pandemic is approaching $150 billion.
Alberta’s energy war room to spend only on ‘subsistence operations’
Canadian Energy Centre is reducing its current operating budget by 90% to “reflect needs” during the pandemic.
Environment leaders say feds need to push sustainability as budget nears
But Business Council of Canada CEO is calling for an economic budget to respond to the economic crisis “people are feeling.”
N.S. Liberal budget opens up spending taps as province faces slowing economy
The 2020-21 provincial budget tabled Feb. 25 features $11.5 billion in spending with a modest surplus of $55 million
Green groups want feds to admit true costs of climate change
Green budget suggests the next federal budget invest in a number of energy efficiency upgrades.
Alberta to reduce spending 3%, but no cuts to health, education
Aims to balance the books in four years and reorient Alberta’s economy long after that.