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

Just Posted

COVID-19: SD69 working on how to organize schools for planned fall re-opening

Qualicum School District required to have plan to ministry by Aug. 26

Throwback: Parksville Makerspace shows off old Commodore 64 computer

Open house takes place Aug. 8, from 10 a.m. to 3 p.m.

COVID-19: Modified beach volleyball a hit in Parksville

Organizer happy to get popular summer game going

Ballenas students help keep essential community services going

Club donates $1,000 to SOS Grateful Hearts campaign

VIDEO: B.C. conservation officers free not-so-wily coyote with head stuck in jar

Poor pup was found with a glass jar stuck on its head in Maple Ridge

‘Do our lives count for less?’: COVID-19 exposes cracks in disability aid

In July, Parliament approved a $600 payment for people with disabilities facing additional expenses during COVID-19

Agreement between province, BC Hydro, First Nation, ends legal fight over Site C

B.C. will work to improve land management and restore traditional place names in areas of cultural significance

Investigators still hoping to solve 2015 homicide of Penelakut Island woman

Tips being sought into Penelakut Island woman’s death five years ago

‘We all have anxieties’: B.C.’s top doctor addresses return-to-school fears amid COVID-19

Dr. Bonnie Henry promises school restart plan safe for B.C. kids

Maple Bay man rushed to hospital after being trapped under car

BC Ambulance and Maple Bay Fire Department attend scene on Wednesday morning

Facebook launches its new TikTok clone, Instagram Reels

Facebook has a long tradition of cloning competitive services

Most Read