Ontario’s budget deficit will likely be the largest in provincial history.
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The federal budget deficit in 2020-21 will be the largest in Canadian history.
Bill C-69 overhauled the entire environmental assessment of major projects and made the regulatory system more complex.
The province's deficit this year will be 4.6 per cent larger than the Ontario economy.
To make matters worse, Alberta recently received its third credit downgrade since December.
The federal budget deficit has skyrocketed to 15.9 per cent of Canada's economy.
Alberta will reduce its corporate income tax rate to 8 per cent.
Ontario entered this recession with an already elevated government debt burden.
The Trudeau government’s recent fiscal update forecasted a $343 billion deficit this year.
Excluding residential investment, business investment dropped 17.3 per cent.
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