Fall Economic Statement 2020: What You Need to Know

2 minute read

From regional airlines and green infrastructure to childcare and long-term care, today the government revealed it’s initial focus for Canada’s economic recovery as a precursor to Budget 2021.

More than 20 months after unveiling its last budget, the federal government has provided Canadians a glimpse at both the current state of finances, and the next steps for Canada’s post-COVID-19 recovery. Read Summa’s full insights and analysis.

September’s Speech from the Throne provided a look at the Trudeau Government’s long list of priorities. Today’s Fall Economic Statement (FES) fleshes out some of the next steps toward those priorities, highlighting key sectors and persons viewed as critical to Canada’s economic recovery as a prelude to Budget 2021. While continued management of the COVID-19 pandemic remains front and centre for government, nods toward green infrastructure, childcare, regional transportation and long-term care all featured in today’s statement. Summa has distilled what you need to know about today’s FES and what it means for Canada’s economy, society, and businesses.

A major part of announcements like the FES is anticipating public reaction and implementing policies that are likely to have widespread support. Abacus Data has fresh public opinion insights on the current state of federal politics, and CEO David Coletto provides a look at what Canadians view as major priorities heading into today’s update.

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