Feds pledge billions to ‘finish the fight’ against COVID as fiscal update projects deficit at $144.5-billion

Finance Minister Chrystia Freeland's second fiscal update forecast deficits in decline and sets aside funds to stem the pandemic’s spread amid the ‘mounting threat of Omicron.’

Finance Minister Chrystia Freeland, pictured in October 2021, released her second economic and fiscal update on Dec. 14 on the Hill. The Hill Times photograph by Andrew Meade

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BY SAMANTHA WRIGHT ALLEN

December 14, 2021

With the country now projected to face a deficit of $144.5-billion, Finance Minister Chrystia Freeland says the slightly-better outlook than offered in the last budget shows Canada is entering a “final pivot” to “finish the fight against COVID-19” as Ottawa ea...

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