The English-language Association of Canadian Publishers says only a third of its membership expects to regain pre-pandemic success.
In Steveston Harbour’s Fisherman’s Wharf development in Richmond, British Columbia. Image – iStockphoto: Cheng Feng Chiang
‘Pandemic Recovery Has Been Uneven’
As Steve Scherer has reported for Reuters, Canada’s 2021 budget presented on Monday (April 19) has “billions of dollars for pandemic recovery measures as COVID-19 infections skyrocket, C$2 billion (US$1.6 billion) toward national childcare, and new taxes on luxury goods.”
Finance minister Chrystia Freeland made the presentation of the budget, which follows a November announcement of a deficit of C$381.6 billion (US$306 billion), reportedly the highest level of deficit for Ottawa since the Second World War.