Canada's Economic Update

Unpublished Cafe

English - December 04, 2020 18:35 - 30 minutes - 28.2 MB
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PUBLISHED: 05/12/2020

Canadians got a snapshot of the country’s finances in the Fall Economic Update, and it comes splashed in red ink.

The COVID pandemic and its effects are the focus in Minister Freeland’s update. Government revenues are down as the feds get set for another round of spending to navigate through the second wave, piling Canada’s deficit to almost 400 billion dollars.

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GUESTS:

Ian Lee - Professor at Carleton University Sprott School of Business - https://sprott.carleton.ca/profile/ian-lee/

David MacDonald - Senior Economist at Canadian Centre for Policy Alternatives - https://www.policyalternatives.ca/offices/national/staff

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REFERENCES:

https://www.scotiabank.com/ca/en/about/economics/economics-publications/post.other-publications.fiscal-policy.fiscal-pulse.federal.federal-budget-analysis.canadian-federal-fall-economic-statement-2020--november-30--2020-.html

https://www.osler.com/en/resources/regulations/2020/fall-economic-statement-2020-briefing

https://www.budget.gc.ca/fes-eea/2020/report-rapport/FES-EEA-eng.pdf

https://www.ctvnews.ca/politics/ottawa-beefs-up-loans-for-hard-hit-sectors-but-big-airlines-not-included-for-now-1.5210709

https://www.newswire.ca/news-releases/canada-s-national-airlines-react-to-the-federal-government-s-fall-economic-statement-885149147.html

https://www.theglobeandmail.com/politics/article-liberal-economic-statement-an-act-of-deception/

https://ipolitics.ca/2020/11/27/mondays-fall-economic-statement-will-try-to-bridge-current-and-future-needs/

https://globalnews.ca/news/7492405/coronavirus-economic-update-canada-2020/

https://policymagazine.ca/fall-economic-statement-2020-let-the-questions-begin/

https://www.newswire.ca/news-releases/canadians-spend-cautiously-opt-to-save-for-emergency-funds-and-investments-scotiabank-report-reveals-885341684.html

https://nationalpost.com/news/politics/household-savings-in-canada-skyrocket-during-pandemic-as-ottawa-doles-out-billions-in-emergency-benefits

https://ottawacitizen.com/executive/posthaste-canadians-excess-cash-hoard-tops-150-billion-and-that-could-supercharge-the-economy-in-2021/wcm/c7a6061b-2a39-4e68-bff2-8ee456705663

https://globalnews.ca/news/7492399/fiscal-update-child-benefit-wage-subsidy-airline-refunds/