Canada’s Budget Deficit To Hit $180 Billion In COVID-19 Crisis: Economists
MONTREAL ― Canada’s federal government is headed for a $180-billion deficit this year, economists say ― about seven times larger than the previous year’s deficit. But rock-bottom interest rates for governments mean this massive new IOU will only cost taxpayers around $1 billion a year to service. Finance Minister Bill Morneau on Wednesday outlined the costs […]