Canada’s deficit on track to top $381B, as COVID-19 continues | Full fiscal update

Canada's deficit on track to top $381B, as COVID-19 continues | Full fiscal update 1

 

The federal government unveiled more financial support in response to the second wave of the COVID-19 pandemic, but the latest projections show that Canada's national deficit is projected to hit a new high — at least $381.6 billion this fiscal year.

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30 Comments on "Canada’s deficit on track to top $381B, as COVID-19 continues | Full fiscal update"

  1. Robert Rohloff | November 30, 2020 at 8:00 PM | Reply

    SO MANY LIES.

  2. we are so screwed

  3. In other words things are going as planned.

  4. well…that’s what happens when you have a journalist in charge of finance.

    • You need to learn how government finance works. Government needs to create debt so it can create New Money for the Private Banking Industry.

    • @Robert Boyd LOL. With your obvious lack of finance knowledge, you must be a liberal MP?

    • @Rob Gallant He is a liberal leaf licking troll….

    • Wally TangoFoxtrot | November 30, 2020 at 8:29 PM | Reply

      @Robert Boyd
      The Private Bankers get the money printed at low to zero cost by The Bank of Canada and lent back to Canadians as retail loans and mortgages and lent to the Canadian Government itself via commercial markets with the current and future Canadian taxpayers as guarantors by way of their property and the economy itself.

      The Finance Minister is the trustee for the shares of The Bank of Canada.

      Who are shareholder owners of The Bank of Canada? Who is really directing the Canadian economy?

  5. Make no mistake. This is purposely being done. Covid will roll right into guaranteed basic income. It’s already been teased to the public couple years ago. One big welfare state, dependant on the government. And all the stipulations they will set in place before you can cash your puny sympathy cheque

    • Wally TangoFoxtrot | November 30, 2020 at 8:42 PM | Reply

      The Politburo Members seizing private property and the economy under the aegis of Coupvid will live like Oligarchs though.

  6. What a pathetic disgrace of a government we have.

  7. The budget will balance itself 🤦‍♂️

  8. Trudeau and his female parrot must go before we are the Greece of North America. Poor, bankrupt, and in tatters.

  9. Every Govt workers paycheck comes from money that doesnt exist then.

  10. Should balance itself.. We need more immigration so the Mercedes dealers dont go under!

  11. She has that evil smile…looks like our misery feeds her soul.

  12. WayneTheGamer69 | November 30, 2020 at 8:14 PM | Reply

    does anybody remember when the Liberals came in and the deficit was supposed to just be $10 billion for the first six months but within six months they spent 20 billion

  13. The dept is up because that’s the design, it’s easy to spend other people’s money and indenture generations for life into slavery they neither asked for, nor voted for. It’s a criminal racket, and the citizens should not be on the hook for any of it. at all.

  14. IbanezArtistguy | November 30, 2020 at 8:20 PM | Reply

    Liberal clown show!!

  15. Videos Chistosos | November 30, 2020 at 8:24 PM | Reply

    did she really sayd we learned to clean our hands”?

  16. china will buy all that debt once canada gives away 89% of its territory as payment thank you gift. so no worries, debt on.

  17. Anthony Quantrill | November 30, 2020 at 8:27 PM | Reply

    We should drag our own last election results up for an audit. I do believe this government pulled an illegal move and can be removed. Both Dominion and Smartmatic are up for scrutiny.

  18. Prepare for currency collapse!

  19. All because of a germ that kills one eight of one percent of Canadians

  20. Lol she just admitted that they will provide “voluntary self isolation sites”. Otherwise known as concentration camps.

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