Prime Minister Justin Trudeau gives a COVID-19 update in front of Rideau Cottage on Wednesday, June 17, 2020. (CPAC)

Feds to reveal state of Canada’s COVID-affected economy, release fiscal ‘snapshot’ on July 8

Update will give look at economic state of the country

The federal government will release a fiscal update on July 8, Prime Minister Justin Trudeau said during his daily update at Rideau Cottage Wednesday (June 17).

Trudeau said the update would give Canadians a sense of “where we are now,” as well as how the country compares to the rest of the world.

Wednesday’s announcement was an about-turn for Trudeau, who had in prior weeks said a fiscal update would be unrealistic amid a pandemic.

He said his government has provided updates to the finance committee every two weeks.

The update that is promised for July 8 will not be a full economic update, the prime minister noted, but “more of a snapshot of where we are right now.”

Trudeau said the update would only include predictions for the coming months, not years as is typical of fiscal or economic updates.

“I think it will be useful for people to see the scale and impact of everything we’ve put out,” Trudeau said.

“It would be unrealistic to project further than a few months.”

READ MORE: CERB to be extended by eight weeks amid gradual post-COVID reopening


@katslepian

katya.slepian@bpdigital.ca

Like us on Facebook and follow us on Twitter.

Want to support local journalism during the pandemic? Make a donation here.

CoronaviruseconomyJustin Trudeau

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Comments are closed

Just Posted

PHOTOS: Skidegate celebrates 2020 grads with button blanket ceremony

Graduating students celebrated with Haida singing, drumming, speeches and custom button blankets

VIDEO: Port Clements bumper golf course in full swing

Volunteers, rec staff transformed soccer field into small, social distancing-friendly golf course

Gwaii Trust Society creates ‘Staycation Grant’ for Haida Gwaii residents

Residents may apply for up to $250 to explore adventure opportunities in their own backyard

Iconic Haida Gwaii species to be included in literary field guide for ‘Cascadia’

Experts, artists working on literary field guide with ‘kinship clusters’ for Pacific Northwest

Kristi Lane Sinclair art doc ‘taking a different stance’ on the Gaag.iid

Toronto-based Haida artist hopes to start editing passion project on the fabled ‘wild man’ next month

13 new B.C. COVID-19 cases, Langley Lodge outbreak ends

Health care outbreaks down to four, 162 cases active

B.C. teacher loses licence after sexual relationships with two recently-graduated students

The teacher won’t be allowed to apply for a teaching certificate until 2035

White-throated sparrows have changed their tune, B.C. study unveils

Study marks an unprecedented development scientists say has caused them to sit up and take note

Skeena Sawmills in Terrace reach labour agreement with local United Steelworkers union

The four and a half year long deal was ratified on May 19, 2020 and is retroactive to Jan. 1, 2020

Alberta health minister orders review into response after noose found in hospital in 2016

A piece of rope tied into a noose was found taped to the door of an operating room at the Grande Prairie Hospital in 2016

B.C.’s major rivers surge, sparking flood warnings

A persistent low pressure system over Alberta has led to several days of heavy rain

B.C.’s Indigenous rights law faces 2020 implementation deadline

Pipeline projects carry on as B.C. works on UN goals

‘Mind boggling’: B.C. man $1 million richer after winning Lotto 6/49 a second time

David O’Brien hopes to use his winnings to travel and of course keep playing the lottery

Most Read