A Shift to Targeted Support: Canada’s Two-Year Government Outlook

Name: A Shift to Targeted Support: Canada’s Two-Year Government Outlook
SKU: 11537-0405-WEB
Availability: InStock

Canadian Economics

March 11, 2022

Canadian Economic Analysis

Pages:13 pages21 min read

Author: Signal49 Research

$225.00

This quarterly economic forecast presents the medium-term outlook for the Canadian economy. This release focuses on government. For an overview of all major components of the economy, go to the Canadian Outlook main page. The majority of federal income support programs came to an end in October 2021 as the government looks to enter the next phase of the economic recovery. However, not all support will disappear. New variants of COVID-19 have prompted measures that are more targeted—outlined in the December federal fiscal update—to help citizens and businesses affected by shutdowns. Latest estimates peg the deficit at $145 billion for 2021–22, which would be the second-highest deficit in Canadian history (behind last year’s eye-popping $330 billion shortfall).

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Document Highlights

The majority of federal income support programs came to an end in October 2021 as the government looks to enter the next phase of the economic recovery.

However, not all support will disappear. New variants of COVID-19 have prompted measures that are more targeted—outlined in the December federal fiscal update—to help citizens and businesses affected by shutdowns.

Latest estimates peg the deficit at $145 billion for 2021–22, which would be the second-highest deficit in Canadian history (behind last year’s eye-popping $330 billion shortfall).