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Canada’s coronavirus deficit soaring to $343B as feds warn of ‘permanent change’ to economy

Bill Morneau Canada covid-19 coronavirus news coronavirus canada Coronavirus
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The flood of federal spending in response to the coronavirus pandemic and the ensuing economic crisis will see the deficit soar to $343 billion this year, as officials warn the economy might never go back to normal.At the same time, Finance Minister Bill Morneau provided no indication of a roadmap for when or how the government plans to rein in spending.

But he insisted in the 168-page fiscal snapshot that the country remains well-positioned to handle the weight of that deficit because of historically low interest rates .That lack of clarity means there are few clues as to what Canadian taxpayers can expect down the road, either in terms of potentially higher taxes or service cuts.

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Deaths: 750 423
Recovered: 0
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Brazil
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Deaths: 141 607
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Deaths: 237 619
Recovered: 0
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