TORONTO - Ontario, Canada’s most populous province and economic engine, projected on Wednesday its budget deficit would widen to a record C$38.5 billion in 2020-2021 as it raised support for the economy ravaged by the coronavirus crisis.
The province boosted projected COVID-19 support measures to C$30 billion from C$17 billion in March, when its estimate for the deficit was C$20.5 billion. “The size of the deficit was not unexpected given all of the events of the past few months as well as the additional measures that will be implemented through the remainder of the year,” said Brian Calder, a portfolio manager at Franklin Templeton Canada.
Program expenses are projected to be C$174.2 billion in 2020-2021, which is C$13.1 billion higher than estimated in March, while revenues are seen C$5.7 billion lower at C$150.6 billion as the economy contracts.
COVID-19 = Get Out Of Jail card for Canadian politicians.
Iron with gold spray
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Covid-19 Cases Top 20 Million World-WideConfirmed cases of the new coronavirus surpassed 20 million globally, while the U.S. reported its lowest number of new cases in about a week, as new infections in some parts of the country trended down. Lies. They're all cancer, Pneumonia, flu, car accident, bike accident...etc I live in Ocala. Our mayor, Guinn( who once declared a Confederate History Day) just vetoed a mask ordinance. Send help , please Ok propaganda, Now post the recovery rate!
Source: WSJ - 🏆 98. / 63 Read more »
FDA won't 'cut corners' to approve a Covid-19 vaccine, commissioner saysWhile more classrooms are scheduled to reopen this week, some students who just started their school year must go back to virtual learning because of new infections among students and teachers. COVID19
Source: HealthyWomen - 🏆 29. / 68 Read more »
Coronavirus updates: US records more than 1,000 new deaths from COVID-19CORONAVIRUS LATEST: — U.S. records more than 1,000 new deaths from COVID-19. — Nearly one-third of Kentucky's new cases among teens. I am so tired of winning. Is America great again yet? Awful! So sad 😭! 😴😴😴😴😴😴😴😴😴😴😴😴😴😴😴😴😴😴😴😴😴😴😴😴😴😴😴😴😴
Source: ABC - 🏆 471. / 51 Read more »
Private equity funding plummets in COVID-19: Experts say it's a blip - Business InsiderPrivate-equity fundraising hit a 2-year low in Q2 as coronavirus wreaked havoc with businesses and travel. We spoke to experts about why the drop is a 'pause, rather than a wholesale change.'
Source: BusinessInsider - 🏆 729. / 51 Read more »
Dr. Ranney: 'Absolute abdication of responsibility' by executive branch on COVID-19 responseDr. Megan Ranney says the fed. government's COVID-19 response has been 'an absolute abdication of responsibility on the part of the exec. branch' as the US surpasses 5 million cases. 'Any public health official who had been put in charge would do better.' No they wouldn’t have. They would have taken the east/lazy way out and just shut the entire country down for god knows how long. We would never have been able to recover. You can tell when liberals are scared of losing
Source: MSNBC - 🏆 469. / 51 Read more »
Africa closes in on 1m reported cases of covid-19The true number will be much higher 💔 Are you reporting on the whole continent, do Europe next as a continent ,than Asia. Would love to see those numbers How are the other continents fairing?
Source: TheEconomist - 🏆 6. / 92 Read more »