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Canada to Reveal Huge COVID-19 Deficit, Make ‘Down Payment’ on National Childcare

OTTAWA—Canada next week will reveal the breadth of the emergency spending it has made during the pandemic and lay the groundwork for future stimulus and social measures, like a national childcare program, government sources told Reuters.

Canada did not release a budget for this fiscal year, which began in April, because of the economic uncertainty created by COVID-19, but in July projected a $343.2 billion deficit, the largest since World War II.

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