The federal government’s 2021 budget is projecting a deficit of a staggering $354 billion.
The first federal budget in more than two years extends Ottawa’s COVID-19 “lifeline” for those still struggling after a difficult year, as it aims to pull Canada through the pandemic.
But all that spending has pushed Canada’s net debt over $1 trillion for the first time ever.
Global National’s Dawna Friesen spoke with Deputy Prime Minister and Finance Minister Chrystia Freeland about Canada’s deepening deficit, and how soon parents can expect childcare priced at $10 per day.
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