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

Courtenay volleyball star added to Olds College roster

Gracie Walls of Courtenay has been recruited to play on the women’s… Continue reading

Tofino woman’s plan for medical school nearly derailed by health crisis

Tofino resident/North Island College alumna Nora Morrison is heading to the University… Continue reading

NIC online marine training accessed by mariners across the country

NIC was among the first post-secondary schools to receive approval for digital marine courses

Sale of Vancouver Island’s most remote pub falls through

Beloved Holberg pub and restaurant The Scarlet Ibis is back with previous owner

Recent surge in COVID-19 cases not unexpected amid Phase Three of reopening: B.C.’s top doc

Keep circles small, wear masks and be aware of symptoms, Dr. Bonnie Henry says

North Island-Powell River MP blasts government, VAC for benefit delays

Some injured service men and women have applied for the Canada Emergency… Continue reading

B.C. NDP changing WorkSafeBC regulations to respond to COVID-19

Employers say reclassifying coronavirus could be ‘ruinous’

Baby raccoon rescued from 10-foot deep drainage pipe on Vancouver Island

‘Its cries were loud, pitiful and heartbreaking,’ Saanich animal control officer says

Statistical flaws led to B.C. wolf cull which didn’t save endangered caribou as estimated

Study finds statistical flaws in an influential 2019 report supporting a wolf cull

Windows broken, racist graffiti left on Okanagan home

Family says nothing like this has happened since they moved to Summerland in 1980s

Beloved Island woman dies at 106

Dorothy Adair adored by the many people she met in Chemainus in two short years

Man arrested for allegedly pushing unsuspecting seniors, jumping on cars at Parksville mall

Cops arrest man after ‘aggressive incident’ at Wembley Mall in Parksville

Most Read