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Government To Release Financial Snapshot

For the first time since the pandemic began we will get a look at Canada’s finances.

The Trudeau government is set to release its fiscal update today.

It is coming in place of a budget.

We will then get a picture of how lockdowns and billions of dollars in COVID-19 spending have effected the government’s bottom line.

There has been plenty of speculation about how the large the federal deficit has grown to with some saying it could be as high as $260 billion.

 

  • Originally from southern Ontario, Jason found his way here and fell in love with the community and music scene of Thunder Bay over twenty years ago. In between various stints on radio, television and writing, Jason is a dad, a partner and (some would consider) a zoo keeper (seriously, he has a LOT of pets).

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6:22 am, May 19, 2026
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