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

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

A boat caught fire in Ladysmith Harbour on Saturday morning. (Photo submitted)
Missing woman’s remains recovered from Ladysmith harbour

The remains of a 60 year old woman were recovered after a boat fire took her life on Feb. 27

Ladysmith Secondary School. (File photo)
Ladysmith Secondary reports another COVID-19 exposure

This makes LSS the school with the most exposure days in the Island Health region currently

Plantitude’s ‘Stargazer Bubbles’. (Plantitude photo)
Plantitude offers ‘stargazer bubble’ dining experience

The 10 foot by seven foot bubbles can seat up to six people

It’s been almost a year since the last public performance inside the Chemainus Theatre. (Photo by Don Bodger)
Lead donors pledge $60,000 in matching campaign at the Chemainus Theatre

Perrys, Hiltons and Duncan Iron Works help to Bridge the Gap during COVID shutdown

Doug Routley is the chair of a special committee on reforming the Police Act. (File photo)
Routley selected chair of a special committee on reforming the Police Act

Nanaimo-North Cowichan MLA acknowledges there will be a lot of material to process

BC Housing minister David Eby is concerned that Penticton council’s decision to close a local homeless shelter will result in a “tent city” similar to this one in Everett, Wa. (Olivia Vanni / Black Press file)
‘Disappointed and baffled’ B.C. housing minister warns of tent city in Penticton

Penticton council’s decision to close a local homeless shelter could create tent city, says David Eby

This was the scene outside North Saanich’s Parkland Secondary School after an attempted but unsuccessful break-and-enter into the school torched an ATM inside of it. Sidney/North Saanich RCMP did not make any arrests and currently lack suspects as the investigation continues. Members of the public who may have witnessed something or possess other information can contact police at (250) 656-3931 or to Crimestoppers at 1-800-222-TIPS. (Submitted)
Money to burn: burglars torch North Saanich high school ATM

Police dogs searched the exterior and interior of the school after early morning break-and-enter

The first of Fisheries and Oceans Canada’s long-range maritime patrol aircraft—the Dash-8—becomes operational. (Photo supplied by PAL Aerospace)
Fisheries and Oceans Canada’s new De Havilland Dash-8-100 long-range surveillance air craft is capable of staying aloft for eight to 10 hours for a variety of missions up and down the B.C. coast. (Photo supplied by PAL Aerospace)
New plane will double DFO’s surveillance capacity in B.C.

The Dash-8 will fly out of Campbell River for enforecment, conservation missions

A recently published study out of UBC has found a link between life satisfaction levels and overall health. (Pixabay)
Satisfied with life? It’s likely you’re healthier for it: UBC study

UBC psychologists have found those more satisfied with their life have a 26% reduced risk of dying

A vial of some of the first 500,000 of the two million AstraZeneca COVID-19 vaccine doses that Canada has secured through a deal with the Serum Institute of India in partnership with Verity Pharma at a facility in Milton, Ont., on Wednesday, March 3, 2021. THE CANADIAN PRESS/Carlos Osorio - POOL
Federal panel recommends 4-month gap between COVID vaccine doses due to limited supply

The recommendation applies to all COVID-19 vaccines currently approved in Canada

t
Province invests $2M in three Vancouver Island food hubs

Hub network provides shared-use processing facilities to small agri-businesses

A vial of Oxford-AstraZeneca COVID-19 vaccine is pictured at a family doctor office, Thursday, Feb. 25, 2021 in Paris. THE CANADIAN PRESS/AP -Christophe Ena
Trudeau ‘optimistic’ that timeline for rollout of COVID vaccines can be accelerated

Canada set to receive more than 6M COVID-19 vaccine dose than initially expected, by end of March

Beginning late Tuesday, anti-pipeline protesters blocked the intersection of Hastings Street and Clark Drive in Vancouver. (Instagram/Braidedwarriors)
Demonstrators block key access to Vancouver port over jail for pipeline protester

They group is protesting a 90-day jail sentence handed to a fellow anti-pipeline protester

Most Read