High Unemployment, $343B Deficit Projected in Liberals’ Fiscal Snapshot

High Unemployment, $343B Deficit Projected in Liberals’ Fiscal Snapshot
Minister of Finance Bill Morneau takes part in a media lock-up for the federal government's Economic and Fiscal Snapshot 2020 in Ottawa on July 8, 2020. Sean Kilpatrick/The Canadian Press
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OTTAWA—Nearly two million Canadians could be without jobs this year under forecasts released by the federal government in its long-awaited “fiscal snapshot.'’

The document details how the Trudeau Liberals see the COVID-19 pandemic dragging down the domestic economy and sending the deficit to a historic $343.2 billion.