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Placeline/People
City Vaughan
Country Canada

Fiscal update shows deficit lower than expected but COVID-19 spending still dominates

The Trudeau Liberals have found themselves with a financial windfall from a better-than-expected economic rebound that lowered the deficit further from a near-historic level. Finance Minister Chrystia Freeland’s update released today shows that the deficit for this year is on track to hit $144.5 billion, below the government’s previous forecast of a $154.7-billion deficit. 
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Source name: 
The Canadian Press
Unique identifier: CP144709921 
Legacy Identifier: n_Fiscal-Update20211214T1755 
Type: Video 
Duration: 1m46s 
Dimensions: 1920px × 1080px     121.97 MB 
Usage rights: FOR ONE TIME USE ONLY. NO STORAGE FOR FUTURE USE. 
Create Date: 12/14/2021 5:55:00 PM 
Display aspect ratio: 16:9 
Tags
Bank of Canada
central bank
Chrystia Freeland
COVID-19
deficit
economy
finance
Liberals
spending