Weight of the pandemic and new expenses on the fiscal update

TORONTO – Take stock of the health of Canadian finances and understand if the conditions exist to plan a return from the long-term deficit. These are the two central themes on the eve of the presentation of the new tax update by the federal government, also in light of the additional expenses approved to cope with the Covid-19 emergency and the growing uncertainty linked to the development of the new Omicron variant in Canada and the rest of the world.