deficit – Benefits Canada.com

Liberals foresee high unemployment, $343 billion deficit due to coronavirus

mschmit — Thu, 09 Jul 2020 04:19:33 +0000

Nearly two million Canadian workers could remain unemployed this year, according to forecasts in the federal government’s long-awaited “fiscal snapshot.” The document released Wednesday details how the Trudeau Liberals see the coronavirus pandemic dragging down the domestic economy and sending the deficit to a historic $343.2 billion. The economic and fiscal report lays out the […]

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Bank of Canada survey says business hiring plans remain muted due to pandemic

mschmit — Tue, 07 Jul 2020 04:25:04 +0000

The Bank of Canada’s latest review of business and consumer expectations has revealed how widespread uncertainty is muting rehiring and purchasing plans, published days before a federal update gives the Liberals’ outlook for the economy. The central bank’s business outlook survey suggested about half of firms foresee a rebound in their sales within the next […]

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Pension Deficits Deepen in US, UK

mschmit — Tue, 08 Jun 2010 06:53:12 +0000

Falling interest rates, equity values hit funds.

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