Minister Freeland tables Fall Economic Statement

Today, Deputy Prime Minister and Finance Minister Chrystia Freeland tabled the fall economic statement in the House of Commons, pegging the current deficit projections at $382 billion this fiscal year. She confirmed that the government plans to issue a formal budget next year, and have planned for $100B in economic stimulus over three years once the virus is under control, a vaccine is available, and the economy is poised for growth. “Spending roughly three to four per cent of GDP, over three years, our government will make carefully judged, targeted and meaningful investments to create jobs and boost growth.” For details and to download the full report: https://budget.gc.ca/fes-eea/2020/home-accueil-en.html