Check with seller Full breakdown of Canada's fall fiscal update – Day Newss.
- Location: New Zealand
Finance Minister Chrystia Freeland, who took office in August, has set the cost of supporting the economy until the end of the pandemic, in the government's opinion. Before COVID-19, the Canadian deficit for 2020 was projected to be around $ 34 billion. By July, the government projected it would balloon ten times that: $ 343 billion. Now Freeland says it will likely jump to $ 381 billion because $ 25 billion is being spent on new programs that will pave the way for Canada's economic recovery. Wage subsidy is being increased, and parents of young children will receive more through Canada's Child Benefit. There is aid for airlines and tourism, and money going to the provinces to spend on improving long-term care.
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