The economic and fiscal “snapshot” presented by the Trudeau government today outlined a slow return to a new normal.
Nearly two million Canadians are expected to remain without jobs this year with the COVID situation dragging down the economy.
The national deficit will be sent to a historic $343.2 billion.
The federal government projects high unemployment and low economic growth until at least the end of 2021.
While some officials predict the worst of the economic harm from the pandemic is behind us, the document released by the government says there could be a “deeper and longer-lasting negative impact on the economy” in the event of a 2nd wave.
