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Feds to reveal state of Canada91Ƶs COVID-affected economy, release fiscal 91Ƶsnapshot91Ƶ on July 8

Update will give look at economic state of the country
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Prime Minister Justin Trudeau gives a COVID-19 update in front of Rideau Cottage on Wednesday, June 17, 2020. (CPAC)

The federal government will release a fiscal update on July 8, Prime Minister Justin Trudeau said during his daily update at Rideau Cottage Wednesday (June 17).

Trudeau said the update would give Canadians a sense of 91Ƶwhere we are now,91Ƶ as well as how the country compares to the rest of the world.

Wednesday91Ƶs announcement was an about-turn for Trudeau, who had in prior weeks said a fiscal update would be unrealistic amid a pandemic.

He said his government has provided updates to the finance committee every two weeks.

The update that is promised for July 8 will not be a full economic update, the prime minister noted, but 91Ƶmore of a snapshot of where we are right now.91Ƶ

Trudeau said the update would only include predictions for the coming months, not years as is typical of fiscal or economic updates.

91ƵI think it will be useful for people to see the scale and impact of everything we91Ƶve put out,91Ƶ Trudeau said.

91ƵIt would be unrealistic to project further than a few months.91Ƶ

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katya.slepian@bpdigital.ca

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