Titled "Supporting Canadians and Fighting COVID-19," the 237-page fiscal update offers a revised look at the Canadian economy and the impact of the ongoing COVID-19 recession on Canada's economic outlook.
"The coming months will be difficult and ongoing fiscal support will remain necessary deep into 2021 in order to protect jobs and prevent widespread permanent losses in our economy," the Canadian government said in a statement.
Details of the stimulus program of 70 billion to 100 billion Canadian dollars (54 billion to 77 billion U.S. dollars) will be budgeted over the next three fiscal years starting from April 1, 2021.
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