The 2020 federal budget date was scheduled to be March 30 but that was cancelled due to the surging COVID-19 pandemic at the time.
In the December update, Canada’s debt-to-GDP ratio was at 30.9 per cent and projected to remain on track to reduce incrementally over the next few years. Over the last few months federal job numbers have already showed millions are out of work, and a growing list of businesses are set to shutter their doors permanently.
In an effort to buoy businesses big and small, in addition to the direct spending offered, the federal government has offered billions in liquidity and government-guaranteed loans which Morneau has said he hopes will bridge key job creators in this country to better times. Today’s snapshot comes after opposition parties and economists called for a more robust fiscal update. Already the Conservatives and New Democrats have spelled out what they expect to see from the economic report card. While the Conservatives are calling for a clear path out of the red—which is now likely to be a years-long endeavour—the NDP want to see a plan for continuing to support those disproportionately impacted by the economic downturn.
What a joke this TRUDEAU government is. What a joke CTV is in asking about wearing a mask when the deficit is over $300 billion. A deficit has to be paid by someone. CTV continues to protect this government and not CANADIANS.
Yes but sheer didn’t wear a mask once
He will lie
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Morneau facing pressure to unwind massive COVID-19 support programs ahead of fiscal updateMany observers hope Ottawa will explain its plans for the CERB and the CEWS, which were temporary measures to help businesses and workers as the economy was put into lockdown
Source: nationalpost - 🏆 10. / 80 Read more »
Tories, NDP at odds over federal spending as Liberals prepare fiscal snapshotWhile the Conservatives called for the Liberals to produce a plan to get spending under control, the NDP warned against premature efforts to cut federal assistance Snapshot?! What kind of BS is that? Where is the Federal budget!!!?!
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Source: CTVNews - 🏆 1. / 99 Read more »
Morneau facing pressure to unwind massive COVID-19 support programs ahead of fiscal updateMany observers hope Ottawa will explain its plans for the CERB and the CEWS, which were temporary measures to help businesses and workers as the economy was put into lockdown
Source: nationalpost - 🏆 10. / 80 Read more »
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Source: CTVNews - 🏆 1. / 99 Read more »