Liberals introduce bill for new COVID-19 spending after economic update
Making passage of the legislation a confidence vote that could trigger an election if it doesn’t garner the necessary support.
How we deal with our ever-rising nation debt?
Federal deficit of $381 billion and a debt exceeding $1 trillion, just under 50% of gross domestic product.
Highlights of the federal government’s fiscal update
Freeland budget is borrowing, taxing, tax breaks and rolling out the money for businesses and families.
Spending too little worse than spending too much: Freeland
Federal government’s record deficit is more than $381 billion but she calls it affordable, given low interest rates.
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.
COVID-19 turns BC’s 2019-20 budget surplus to $321M deficit
Declines in tax revenues, losses at the Insurance Corporation of British Columbia and early measures to tackle the pandemic.
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.
Canadians torn on scaling back COVID-19 benefits to save money: poll
Opinion split almost in half as government projects a $343 billion deficit.
With debt, deficit numbers out, experts say Liberals need plan for growth
Late last year, the government forecast this year’s deficit at $28.1 billion. Now that figure is at $343.2 billion
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.
Trade deficit narrowed in May as exports rose, imports fell again
Contracted to $677 million in May compared with $4.3 billion in April.
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.
Recurring federal deficits could be risky for future generations: study
Federal debt should reach $713 billion at the end of the current fiscal year and grow to $810 billion by 2024-2025.
Trade deficit narrowed to $978M in September: Statistics Canada
Broad-based weakness across the major export categories, a similar story for imports.