GREATER VICTORIA CHAMBER OF COMMERCE
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Feds forecast $343 billion debt due to pandemic

7/8/2020

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The federal government announced July 8 that it is projecting a deficit of $343 billion due to the COVID-19 pandemic. The number is staggering and it will take decades for Canada to fully recover.
 
The Chamber, along with the Canadian Chamber of Commerce, is calling on the federal government to transition from a subsidy-based response to one focused on investments aimed at restoring economic growth and getting Canadians back to work.
 
"Today should have been an opportunity to offer Canadians a clear picture of the challenges and a coherent strategy to address them," said a statement from the Canadian Chamber. "What businesses, investors, analysts and Canadians alike wanted to hear was how we will move away from the short-term measures that are quickly draining the federal treasury to helping families and businesses once again become self-sufficient."
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  • Membership
    • Why Join?
    • Job Board
    • Chamber Week 2021
    • Member to Member Offers
    • Benefits, Discounts & Savings >
      • Chamber Store
    • Questions & Answers
    • Join Now
    • Member Login
  • Member Directory
    • All Categories
  • Events
    • Signature Events >
      • YYJ Eats
      • Annual Gala Auction
      • Business Awards >
        • 2021 Business Awards Finalists
      • Business Leaders Series
    • Event Calendar >
      • Chamber Events
      • Community Events
    • Event Photos
    • Sponsorship
  • COVID-19
    • COVID-19 Initiatives
    • COVID-19 Links
  • News & Advocacy
    • Weekly BizNews >
      • BizNews-articles
    • Advocacy / Wins for Business >
      • Advocacy Wins
      • Business Property Taxes
      • Advocacy Priorities
    • Chamber Chats
    • In the News >
      • Published Op-Eds
      • Media Releases
    • Business Matters Magazine >
      • Non-market housing
      • Find and keep workers
      • Canada Votes
  • Prodigy Group
    • Mentorship Program
    • Prodigy Group Committee
    • Prodigy Events
    • Contact the Prodigy Group
  • About Us
    • Staff Directory
    • Board & Governance >
      • Governors
      • By-Laws, Plans & Reports
    • Committees
    • Chamber History
    • Partners & Sponsors
    • About Victoria >
      • Starting a Business
      • Moving Here
      • Visiting Victoria, BC
    • Contact Us