July 8, 2020

FEDERAL

· The Federal Government released its Fiscal Snapshot providing a full accounting of the pandemic relief that has pushed federal spending to levels not seen since the Second World War

· Thus far, direct aid totals approximately $228 billion, increasing the deficit for this fiscal year up to $343.2 billion

· Included in the fiscal snapshot:

o $343.2 billion – the size of the deficit projected for 2020-21 so far

o Net federal debt-to-GDP to rise to 49.1% in 2020-21

o $212 billion in direct support provided through the COVID-19 Economic Response Plan

Prime Minister Justin Trudeau

 A new protocol has been signed to work toward much-needed reform of Indigenous Family and Child Services, which allows for Indigenous communities to decide what is best for their communities when it comes to these services
 New investments to expand access to cultural, emotional and mental health support services for those impacted by the national tragedy of murdered and missing Indigenous girls and women as well as the Indian Day Schools settlement
 From the beginning our response to COVID-19 has been based on science and evidence and itis what we will continue to do as we restart certain activities
 Two-day virtual cabinet retreat discussions included how the virus is progressing across the country and our response so far, updated public health modeling update released today
 Number of cases, hospitalizations and deaths is declining over time as the situation is stabilizing in Canada because Canadians have done their part in following public health recommendations
 But we still have to be very careful as things can change quickly and we still have hot spots across the country in long-term care and agricultural settings; we must remain vigilant
 When the pandemic hit a lot of people lost their jobs overnight; we are facing an unprecedented health and economic crisis
 A fiscal and economic snapshot is being released today
 We had two choices: we could let Canadians figure it out and hope for the best or we could act quickly and help; we chose to help
 We financially supported seniors, students, businesses and those who lost their jobs; our
government spent so Canadians wouldn’t have to spend into debt and supported businesses
 We were well positioned to help Canadians and lay the ground work to help the economy
bounce back
 This recovery will see certain sectors bounce back faster than others and some will return to work faster and we will be there for them
 As we measure the cost of supporting Canadians we must recognize doing nothing would have cost more; this was not the time for tightening belts
 Low interest rates and low borrowing rates means we can continue to invest in Canadians and our economy
 Our government has made progress when it comes to systemic racism, including the creation of Canada’s Anti-Racism Strategy, but there is still much to do
 Systemic Racism Work Plan has been created for the summer months to come up with strong policies

PROVINCIAL

· The Province of Ontario today unveiled the COVID-19 Economic Recovery Act, proposed legislation to restart the provincial economy

· In addition, the province is now making it Easier for Truck Drivers to get Tested for COVID-19

Premier Ford began his announcement indicating the province is giving municipalities the tools and supports to get infrastructure projects completed faster
 The Premier states the province will ramp up its manufacturing industry to build the best PPE and medical supplies; so we never have to rely on other countries for these essential supplies
 The Premier acknowledges the COVID-19 Economic Recovery Act brought forward by the province lays the foundation for a strong recovery for Ontario

YORK REGION

CASE NUMBERS IN YORK REGION:

Below is a summary of the detailed information contained in the Interactive Dashboard – Cases at //york.ca/covid19data. As of July 8, 2020, at 5 p.m. there are:

3,114 total confirmed cases 11 new cases* since yesterday, 29 confirmed cases in hospital, 11 of which are in Intensive Care348 cases among health care workers, of which 322 cases have resolved*0 new fatalities247 total confirmed fatalities 2,533 resolved cases1 institutional outbreaks under COVID-19 protocols 1 Long-Term Care/Retirement Homes 0 Community Care Settings 0 Hospital 0 Child Care Centre0 Emergency Housing 65 institutional outbreaks declared over

*Data quality is an ongoing process and may result in the more/less cases reported on a day-over-day basis or other changes to how cases are classified (e.g., municipality, acquisition, etc.). These data quality activities have also resulted in the re-categorization of individuals. Data quality activities do not increase or decrease total case counts.

All dashboard data, including workplace outbreaks, case demographics and institutional outbreaks (including the number of resident and health care worker positive cases), can be found by clicking on the “COVID-19 in York Region” box, or for quick reference, is available here. The data can still be filtered by municipality.

COMBINED CASE NUMBERS:

As of this morning, there are:

More than 11.6 million total cases worldwide (135,637 new) with cases in 216 countries, area or territories; 539,026 related fatalities reported by the World Health Organization (WHO)106,167 total cases (232 new); with 8,711 related fatalities in Canada (18 new); 69,883 resolved in Canada (as of July 7, 8 p.m.)

· 36,178 total cases (118 new); with 2,700 related fatalities; 31,805 resolved in Ontario

KING TOWNSHIP

NO new cases reported today.

SPECIAL BUDGET ANNOUNCEMENTS

 Canada’s projected deficit is $343.2 billion in 2020-21
 Net federal debt is expected to hit $1.2 trillion
 Federal debt-to-GDP to rise to 49.1% in 2020-21
 Economists expect economy to contract by 6.8% in 2020
 Annualized decline of over 40% in real GDP expected in second quarter
 Economy anticipated to rebound by 5.5% in 2021
 Public debt charges to fall in 2020-21 due to low borrowing rates
 5.5 million people out of work
 COVID-19 Economic Response Plan included more than $212 billion in direct support and
nearly 14% of gross domestic product (GDP) in total support
o CERB utilized by 3 million Canadians and the number continues to grow
o 680,000 small businesses have received interest-free loans through the Canada
Emergency Business Account
o 15 million low and modest-income Canadians have received a GST top-up
o 6.7 million seniors will receive a one-time Old Age Security top-up this week
 Total public debt charges for 2020 will actually be over $4 billion lower than forecasted last fall
 Following these investments, Canada will continue to hold its low-debt advantage
 Federal government to propose $50 billion to extend the Emergency Wage Subsidy
 Working with provinces on more than $14 billion Safe Restart Agreement
 Proposing to invest in a safe, sufficient and adequate supply of child care
 $10 billion projection uptick for employment program
 Growing signs that worst of economic shock is behind us
 Shape of recovery is uncertain and depends on public health
 The road to economic recovery will be long and uncertain

During a previous Federal announcement, Prime Minister Justin Trudeau stated a full budget would be unrealistic at this time given the economic uncertainty of the COVID-19 pandemic.