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

Construction in Oak Bay is nearly all focused on rebuilding new single-family homes and without secondary suites. (Black Press Media File Photo)
Oak Bay nears regulation of secondary suites

Preliminary report hints there’s no preferred option

Victoria Police Department vehicles outside the headquarters building. (Black Press Media file photo)
Bastion Square attack leaves victim with life-altering injuries

Victoria police looking for witnesses, information

The new Malahat Skywalk is expected to be completed by this summer. (Submitted graphic)
Malahat Skywalk expected to be complete by this summer

$15-million project will see 650-metre elevated wooden pathway constructed

A 45-metre tall call tower is proposed for Westhills Stadium. (Black Press Media file photo)
New cell tower proposed for Westhills Stadium in Langford

Tower will increase capacity in congested network: staff report

Registered nurse Sammy Mullally displayed a tray of supplies to be used by a drug addict at the Insite safe injection clinic in Vancouver, B.C., in 2011. (THE CANADIAN PRESS/Darryl Dyck)
Councillors call on Saanich to address overdose crisis, explore options for safe consumption sites

‘There’s no vaccine for this problem,’ new action is needed, councillors say

A scene from “Canada and the Gulf War: In their own words,” a video by The Memory Project, a program of Historica Canada, is shown in this undated illustration. THE CANADIAN PRESS/HO - Historica Canada
New video marks Canada’s contributions to first Gulf War on 30th anniversary

Veterans Affairs Canada says around 4,500 Canadian military personnel served during the war

U.S. military units march in front of the Capitol, Monday, Jan. 18, 2021 in Washington, as they rehearse for President-elect Joe Biden’s inauguration ceremony, which will be held at the Capitol on Wednesday. (AP Photo/J. Scott Applewhite)
Biden aims for unifying speech at daunting moment for U.S.

President Donald Trump won’t be there to hear it

Williams Lake physician Dr. Ivan Scrooby and medical graduate student Vionarica Gusti hold up the COSMIC Bubble Helmet. Both are part of the non-profit organization COSMIC Medical which has come together to develop devices for treating patients with COVID-19. (Monica Lamb-Yorski photo - Williams Lake Tribune)
Group of B.C. doctors, engineers developing ‘bubble helmet’ for COVID-19 patients

The helmet could support several patients at once, says the group

A 17-year-old snowmobiler used his backcountry survival sense in preparation to spend the night on the mountain near 100 Mile House Saturday, Jan. 16, 2021 after getting lost. (South Cariboo Search and Rescue Facebook photo)
Teen praised for backcountry survival skills after getting lost in B.C.’s Cariboo mountains

“This young man did everything right after things went wrong.”

Conservative Leader Erin O’Toole holds a press conference on Parliament Hill, in Ottawa on December 10, 2020. THE CANADIAN PRESS/Sean Kilpatrick
No place for ‘far right’ in Conservative Party, Erin O’Toole says

O’Toole condemned the Capitol attack as ‘horrifying’ and sought to distance himself and the Tories from Trumpism

A passer by walks in High Park, in Toronto, Thursday, Jan. 14, 2021. This workweek will kick off with what’s fabled to be the most depressing day of the year, during one of the darkest eras in recent history. THE CANADIAN PRESS/Chris Young
‘Blue Monday’ getting you down? Exercise may be the cure, say experts

Many jurisdictions are tightening restrictions to curb soaring COVID-19 case counts

A health-care worker prepares a dose of the Pfizer-BioNTech COVID-19 vaccine at a UHN COVID-19 vaccine clinic in Toronto on Thursday, January 7, 2021. THE CANADIAN PRESS/Nathan Denette
COVID-19: Provinces work on revised plans as Pfizer-BioNTech shipments to slow down

Anita Anand said she understands and shares Canadians’ concerns about the drug company’s decision

Tourists take photographs outside the British Columbia Legislature in Victoria, B.C., on Friday August 26, 2011. A coalition of British Columbia tourism industry groups is urging the provincial government to not pursue plans to ban domestic travel to fight the spread of COVID-19. THE CANADIAN PRESS/Darryl Dyck
B.C. travel ban will harm struggling tourism sector, says industry coalition

B.C. government would have to show evidence a travel ban is necessary

(Phil McLachlan - Capital News)
‘Targeted’ shooting in Coquitlam leaves woman in hospital

The woman suffered non-life threatening injuries in what police believe to be a targeted shooting Saturday morning

Most Read