World News – CA – Canada Spends Significantly More On COVID Aid Than Other Countries: CIBC’s Valley

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The federal government is forecasting a record $ 381. 6 billion deficit this fiscal year, with key issues like expanding support to businesses and workers getting a lot of attention, but the Fall Economic Statement had many more details.

The federal government is forecasting $ 381. 6 Billion Fiscal 2020-21 Deficit as COVID-19 Pandemic Triggers Unprecedented Peace Spending Program. Here’s what you need to know about the latest Ottawa financial plan.

Treasury Secretary Chrystia Freeland’s first fall mini-budget finds new funds for families and businesses, and scratches a long-standing provincial itch over transfer payments as she tries to strike a delicate balance between pandemic fear and political wisdom.

Federal Reserve Chairman Jerome Powell warns lawmakers that the U. . S.. . The economy continues to be in a damaged and unsafe state despite advances in COVID-19 vaccine development.

The federal government is proposing new expenditure in the millions as a down payment for a planned national childcare system, which, according to the Liberals, will be listed in the budget for next spring.

Canadian Imperial Commercial Bank, Canada, Economy

World News – CA – Canada Spends Significantly More On COVID Aid Than Other Countries: CIBC’s Valley
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CIBC Deputy Chief Economist predicts a strong second half of 2021 for the Canadian economy

Ref: https://www.bnnbloomberg.ca

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