Canadians will get an idea today of what the coronavirus pandemic could mean for Canada’s economy and the federal government’s balance sheet, with the release of a new report from the parliamentary budget officer.
Yves Giroux is planning to post on his website this morning a “scenario analysis” that is intended to help parliamentarians gauge the potential economic and fiscal implications from the combined health crisis and the collapse of oil prices.
Such analyses typically involve a variety of projected outcomes based on a number of possible, alternative scenarios. [ Sign up for our Health IQ newsletter for the latest coronavirus updates ] The federal government has already poured $107 billion into fighting the pandemic –$52 billion in