Coronavirus Deficit

• All eyes on Ottawa as Freeland set to deliver hotly awaited coronavirus fiscal update

  There are few indications the federal government will make any effort to rein in coronavirus response spending, with many saying the deficit will likely rise.

  Canada

  Nov 30, 2020
  
• Canada will keep up heavy but ‘limited’ coronavirus spending: Freeland

  Deputy Prime Minister Chrystia Freeland called massive coronavirus spending "limited and temporary."

  Canada

  Oct 28, 2020
  
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• Canada’s deficit to hit $330B as coronavirus lands ‘permanent’ economic impact

  The Parliamentary Budget Officer's report underlines need for spending to be temporary.

  Canada

  Sep 29, 2020
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• More than half of Canadians think coronavirus deficit too big but split on election need

  Voters, including Liberals, say they want to see a plan to get back towards balanced budgets.

  Canada

  Sep 22, 2020
• Trudeau mum on whether throne speech will include any plan to tackle deficit

  The federal deficit is forecast to hit $343 billion this year.

  Canada

  Sep 9, 2020
• Canada’s current deficit level will be ‘unsustainable’ within 1 to 2 years: PBO

  If Liberals don't rein in spending, they must either raise taxes or cut services, warns the budget watchdog.

  Canada

  Sep 6, 2020
• Hamilton faces $23M deficit due to COVID-19 pandemic: report

  A staff report suggests COVID-19 will leave Hamilton, Ont., with tens of millions in lost revenue from transit, recreation fees, parking, and fines.

  Apr 15, 2020