Feds propose pumping $100-billion into economy to stimulate recovery, as deficit on track to soar to $381-billion

In the absence of a fiscal anchor, Ottawa said it intends to use 'several indicators' related to the labour market such as the employment rate, hours worked, and level of unemployment, which will be used to signal when it might be time to wind down fiscal supports.

Finance Minister Chrystia Freeland says labour-market indicators will serve as metrics for the government in determining when it can withdraw its 'time-limited' financial supports. The Hill Times photograph by Andrew Meade

News

BY BEATRICE PAEZ

November 30, 2020

With the country now projected to face a deficit of $381.6-billion, Finance Minister Chrystia Freeland says Canada’s economic rebound from the pandemic could depend on the government’s ability to pump up to $100-billion into the economy over the next three years.&...

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