Canada’s Snapshot Highlights the Extraordinary Scale of Fiscal Stimulus
The Department of Finance published its “Economic and Fiscal Snapshot†yesterday, which provided the first update on the federal government’s budgetary position since December 2019. No new policy initiatives were announced, no existing programs were modified, nor did authorities publish a multi-year outlook. However, the Snapshot did highlight the extraordinary scale of Canada’s fiscal response to the COVID-19 shock thus far.
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