This translation has been automatically generated and has not been verified for accuracy.Finance Minister Bill Morneau will release a federal budget on Monday, March 30, amid a highly volatile economy rocked by COVID-19 and a sharp drop in oil prices.
However, economists have recently slashed their forecasts for GDP growth, both for Canada and globally, as a result of the coronavirus. In an interview Wednesday, Mr. Giroux said the report’s estimate of fiscal room still largely holds true over the long term. However, in the short term, weaker GDP growth will throw off the government’s plans to reduce the debt-to-GDP ratio.
Source: Financial Digest (financialdigest.net)
globepolitics Wow. Don’t we wish that we had someone in charge that was ready to do the job now ?
globepolitics This budget will fight global warming, resolve income inequality, promote Indigenous reconciliation and protect minorities. What other priorities could hard working Canadians possibly have right now?
globepolitics And one thing we can be sure of. This budget will not include an attack on our public education and healthcare. Because we did not elect a Conservative government!
globepolitics Among the more than 121,000 to have been infected by the COVID-19 virus so far, one class of notable people appear to have been affected more than others — politicians. God is getting rid of monsters. In italy it is mostly old men dying.
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