Morning Update: The projected $343.2-billion deficit due to COVID-19 will push federal debt above $1-trillion. Now what?

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With a fuller update on Canada's pandemic spending not coming until the fall, here are what some of The Globe's economic and political writers have to say about the fiscal deficit project in the meantime

after a two-day wobble on Thursday as China’s markets continued their charge. Germany’s DAX and France’s CAC 40 were up 1.26 per cent and 0.19 per cent, respectively, just after 6 a.m. ET. Britain’s FTSE 100 slid 0.53 per cent. In Asia, The Shanghai Composite Index gained 1.39 per cent. Hong Kong’s Hang Seng ended up 0.31 per cent. New York futures were mixed. The Canadian dollar was trading at 74.11 US cents.

Alexander Graham Bell . Illustration for Our World\'s Greatest Benefactors by Samuel Adams Drake .When Alexander Graham Bell began to experiment with electrical signals, the telegraph had already existed for more than 30 years, although it only used Morse code. Bell’s interest in sound technology ran deep, as both his mother and wife were deaf.

 

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PM DISHONEST to Canadians! PM uses students as SCAPEGOATS to get out of his illegal ethics violation attempt to use 900 million for his OWN GAIN! PM using students to get free grant KNOWING NOT ENOUGH VOLUNTEER JOBS! PM gave 1500 covid $ to students!USE $ TO EXTEND CERB DEC 2020!

Deficit, debt..trillion in Ca and how much in the rest of the world? No one can count that high, one is sure. Chances to be paid of, zero. What is needed is a simple cancellation. Just like after world wars, bulk of debt simply disappeared, never repaid. We don't need WW III 4 it

kkirkup Tasteless photo choice by a tasteless PostMedia rag. 🙄

Dr. Luc Montagnier reveals how Covid-19 is a lab accident. He was awarded the 2008 Nobel Prize in Medicine for the identification of AIDS.He currently works at University in China. The characteristics of the new coronavirus could not have arisen naturally

The federal deficit will become whose surplus?

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Ask China for assistance. They’ve agreed to contribute to the WHO due to the impact of Covid-19, they should also be assisting other nation states-:))

Now as predicted the Trudeau government has sunk Canadians so deep in debt our future is very, very bleak.

Its all made up, fake, and based on nothing tangible anyway - why not make it fair, and not make inequality part of the design?

We buy Bitcoin because it’s not going to get better.

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Fiscal update: Morneau projects $343.2-billion deficit; federal debt to climb above $1-trillionFigures released Wednesday provide the first estimate of Ottawa’s bottom line since a December report that was released prior to the pandemic. This is what happens when you hand out thousands of dollars monthly, even to those you know are taking it fraudulently. Still have a job, sure take the extra 2,000. The lack of spending accountability is criminal Let's tax the rich .....alot.!!! JustinTrudeau said “Ottawa took the debt so Canadians wouldn’t have to” WTF - did he go to school? Ottawa doesn’t have money, it’s Canadian taxpayers money....!! Therefore CANADIANS have the debt NOT ‘Ottawa’ omg I’m literally dying at this statement AndrewScheer
Source: globeandmail - 🏆 5. / 92 Read more »

Evening Update: Ottawa projects $343.2-billion deficit, more than $1-trillion debt; Trudeau did not recuse himself from WE Charity decisionAlso: Watchdog critical of Crown corporation responsible for Saudi LAV deal They have no clue what they’re doing. Canada is getting buried in debt at a time when our revenues are falling and costs are going up. This government is a complete shitshow. cdnpoli turningthecurve Purple monkey dishwasher This is criminal
Source: globeandmail - 🏆 5. / 92 Read more »

Canada’s Deficit Is 1,000% Higher Than Projected At Start Of 2020The government believes the worst of the economic harm from the pandemic is behind the country. 😂😂😂 And the worst of the economic harm from the Trudeau Liberals is yet to come. The Liberal Party of Canada is the economic harm.
Source: HuffPostCanada - 🏆 61. / 53 Read more »

Liberals to detail preview of federal deficit, spending affected by COVID-19The federal Liberals are to lay out Wednesday how they see the COVID-19 pandemic affecting government finances for the fiscal year including an estimated deficit and a projected path for the economy. Is this one of those messages on the budget where someone says it could be $300 billion so when it comes out as say $200B we are suppose it feel that it is not so bad it could have been worse? $200B is still over $5.5k on credit card for every person in Canada 🇨🇦 I like how they’re trying to blame it on the pandemic they were spending long before January 2020 Affected more by liberals mismanagement
Source: CTVNews - 🏆 1. / 99 Read more »

1/3 Of Indigenous Workers Risk Losing Their Jobs To MachinesSystemic issues — from housing to education — prevent Indigenous workers from making it into low-risk jobs. Living remote is not a racial issue. Gov't schools in remote areas are universally garbage. Want better education? Don't leave it up to the gov't to provide it for your kids. Want a better house? Work for it. You aren't owed anything. Especially as some of their groups keep blocking wealth bearing schemes - like pipelines... not a lot of sympathy I'm afraid. ... the headline and lead in are both misleading.
Source: HuffPostCanada - 🏆 61. / 53 Read more »