TRUDEAU ANNOUNCES FISCAL 'SNAPSHOT' JULY 8

Jun 17, 2020

By Bob Komsic

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It’s not a budget and don’t call it an economic or fiscal update either.
Prime Minister Justin Trudeau isn’t.
Instead he’s announced the Liberals will offer a glimpse of Ottawa’s finances on July 8.
”Our government will be releasing an economic and fiscal snapshot,” said Trudeau.
”This will give Canadians a picture of where our economy is right now, how our response compares to that of other countries, and what we can expect for the months to come.”
The prime minister says because of the uncertainty created by the pandemic, this snapshot will not be the same as ones in the past.
”I’ve consistently said that an economic and fiscal update would be unrealistic right now because it automatically includes projections for a year, three years, five years ahead of time, which quite frankly we simply couldn’t make any responsible predictions about,” added Trudeau.
The government was supposed to present one in March but postponed it indefinitely once the pandemic hit.
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