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

Over 5 million of funding announced for Nuxalk Big House and CCRD parks project

The funding is joint federal, provincial and municipal and will support 24 infrastructure projects

DFO Monitors keeping watch as commercial fishery opens up

Volunteer DFO Monitors have been onsite to ensure requirements are met

Cariboo waterways swell as special weather statement, rain continues Thursday July 2

Quesnel River at Likely and Quesnel Lake seeing 20 to 50 year events

QUIZ: Put your knowledge of Canada to the test

How much do you know about our country?

Commercial fishery closed tonight due to local concerns

The fishery was supposed to open tonight

B.C. accommodators need phone lines to light up as in-province travel given green light

Travel restrictions during the COVID-19 pandemic have decimated the tourism and hospitality industries

300 Cache Creek residents on evacuation alert due to flood risk as river rises

Heavy rainfall on Canada Day has river rising steadily, threatening 175 properties

First glimpse of Canada’s true COVID-19 infection rate expected mid-July

At least 105,000 Canadians have tested positive for COVID-19 since the coronavirus was identified

Police ramp up efforts to get impaired drivers off B.C. roads this summer

July is dedicated to the Summer CounterAttack Impaired Driving Campaign

Migrant workers stage multi-city action for full status amid COVID-19 risks

‘COVID-19 has exacerbated an existing crisis’

Okanagan school drops ‘Rebels’ sports team name, citing links with U.S. Civil War

Name and formerly-used images “fly in the face” of the district’s human rights policy, says board chair

PHOTOS: B.C.’s top doc picks up personalized Fluevog shoes, tours mural exhibition

Murals of Gratitude exhibit includes at least one portrait of Henry alongside paintings of health-care workers

In troubled times: Independence Day in a land of confusion

Buffeted by invisible forces and just plain worn out, the United States of America celebrates its 244th birthday

Stop enforcing sex work laws during COVID-19, advocates say

There are provisions in Canada’s prostitution laws that make workers immune from prosecution, but not from arrest

Most Read