Deputy Prime Minister and Minister of Finance Chrystia Freeland responds to a question during Question Period in the House of Commons Tuesday December 1, 2020 in Ottawa. THE CANADIAN PRESS/Adrian Wyld

Deputy Prime Minister and Minister of Finance Chrystia Freeland responds to a question during Question Period in the House of Commons Tuesday December 1, 2020 in Ottawa. THE CANADIAN PRESS/Adrian Wyld

Canada’s deficit hit $216.6B between April and October from COVID-19 relief

EI benefits increased by 287 per cent to $39.4 billion

COVID-19 relief measures pushed Canada’s deficit up to $216.6 billion in the first seven months of the pandemic.

The deficit figure is based on spending between April and October and compared with a deficit of $9.1 billion reported for the same period last year.

The government says in a fiscal monitor released Friday that the total is up because of the economy’s severe deterioration and temporary measures implemented to stop the spread of COVID-19 and support Canadians and their businesses.

It says wage subsidies, rent relief programs and other recovery benefits pushed the government’s expenses excluding net actuarial losses to $348.6 billion, up 96.3 per cent from $177.6 billion the year before.

Major transfers to people including the elderly and those on employment insurance totalled about $131.7 billion, up 132.5 per cent from $56.6 billion the year before.

EI benefits increased by 287 per cent to $39.4 billion as the country responded to unemployment arising form the pandemic and temporary changes to the employment insurance program.

The Canadian Press

Like us on Facebook and follow us on Twitter.

Want to support local journalism? Make a donation here.

Coronavirusfederal government

Just Posted

Ranch Musings columnist David Zirnhelt. (File photo)
RANCH MUSINGS: Milking cows and strangers on the premises

Cows in a milking barn may get upset if a stranger comes

Lake City Secondary School Grade 12 students Haroop Sandhu, from left, Amrit Binning and Cleary Manning are members of the school’s horticulture club. (Monica Lamb-Yorski photo - Williams Lake Tribune)
LCSS horticulture club a growing success

Aspiring gardeners at a Williams Lake secondary school are earning scholarship dollars… Continue reading

Jim Hilton pens a column on forestry each week for the Tribune.
FOREST INK: Plenty of changes happening in forest industry

A new process produces a biodegradable plastic-like product from wood waste powder

Scout Island Nature Centre in Williams Lake. (Angie Mindus file photo)
LETTER: Scout Island is a nature sanctuary not an amusement park

Scout Island absolutely does not need an ice cream stand or a food truck

Professor Nancy Sandy of Williams Lake First Nation, seen here travelling on the land in Tahltan territory, is heading up the new Indigenous Law and Justice Institute at Lakehead University in Thunder Bay, Ont. (Patricia Squires photo)
WLFN professor named director of Lakehead University’s Idigenous law, justice institute

A lawyer, Nancy Sandy is also a former chief of Williams Lake First Nation

Daily confirmed COVID-19 cases reported to B.C. public health, seven-day rolling average in white, to May 12, 2021. (B.C. Centre for Disease Control)
B.C. preparing ‘Restart 2.0’ from COVID-19 as June approaches

Daily infections fall below 500 Friday, down to 387 in hospital

Cannabis bought in British Columbia (Ashley Wadhwani/Black Press Media)
Is it time to start thinking about greener ways to package cannabis?

Packaging suppliers are still figuring eco-friendly and affordable packaging options that fit the mandates of Cannabis Regulations

A vial of AstraZeneca vaccine is seen at a mass COVID-19 vaccination clinic in Calgary, Alta., Thursday, April 22, 2021. Dr. Ben Chan remembers hearing the preliminary reports back in March of blood clots appearing in a handful of European recipients of the Oxford-AstraZeneca COVID-19 vaccine. THE CANADIAN PRESS/Jeff McIntosh
Science on COVID, VITT constantly changing: A look at how doctors keep up

While VITT can represent challenges as a novel disorder, blood clots themselves are not new

Poached trees that were taken recently on Vancouver Island in the Mount Prevost area near Cowichan, B.C. are shown on Sunday, May 10, 2021. Big trees, small trees, dead trees, softwoods and hardwoods have all become valuable targets of tree poachers in British Columbia as timber prices hit record levels. THE CANADIAN PRESS/Jen Osborne.
Tree poaching from public forests increasing in B.C. as lumber hits record prices

Prices for B.C. softwood lumber reached $1,600 for 1,000 board feet compared with about $300 a year ago

The warm weather means time for a camping trip, or at least an excursion into nature. How much do you know about camps and camping-related facts? (John Arendt - Summerland Review)
QUIZ: Are you ready to go camping?

How many camp and camping-related questions can you answer?

On Friday, May 14 at Meadow Gardens Golf Club in Pitt Meadows, Michael Caan joined a very elite club of golfers who have shot under 60 (Instagram)
Crowds at English Bay were blasted with a large beam of light from an RCMP Air-1 helicopter on Friday, May 14. THE CANADIAN PRESS/Marc Grandmaison
Police enlist RCMP helicopter to disperse thousands crowded on Vancouver beach

On Friday night, police were witness to ‘several thousand people staying well into the evening’

People shop in Chinatown in Vancouver on Friday, February 5, 2021. THE CANADIAN PRESS/Jonathan Hayward
Vancouver community leaders call for action following 717% rise in anti-Asian hate crimes

‘The alarming rise of anti-Asian hate in Canada and south of the border shows Asians have not been fully accepted in North America,’ says Carol Lee

Sinikka Gay Elliott was reported missing on Salt Spring Island on Wednesday, May 12. (Courtesty Salt Spring RCMP)
Body of UBC professor found on Salt Spring Island, no foul play suspected

Sinikka Elliott taught sociology at the university

Most Read