Liberals to detail preview of federal deficit, spending affected by COVID-19
It's not a budget, and not a fiscal update but the federal Liberals are set to lay out today how the COVID-19 pandemic has impacted government finances for the fiscal year.
Finance Minister Bill Morneau is set to deliver what he's calling a "snapshot" of Canada's economy in the COVID-19 era.
The Liberals have regularly updated MPs about total spending on emergency aid, which by last count amounted to over $174 billion, but have yet to put a figure on the deficit for the fiscal year.
The parliamentary budget office has suggested the deficit could be as deep as $252 billion.
Other private sector estimates suggest $300 billion wouldn't be out of the realm of possibility.
Economists say they'll be watching to ensure that, whatever new debt the government takes on, it is sustainable over time.
This week, Chrissy Sadowski is joined by Janice Arnoldi of Janice and Robin Digital Communications, Host of Life Unscripted on CKTB. They discuss the mental health of kids (and moms) during COVID-19.
With Special Guest Award-winning journalist and host of Cross Country Checkup, Duncan McCue. Special Guest Skyler Williams
With Special Guest Skyler Williams.