Trudeau says finance minister will present a fiscal and economic ‘snapshot’ on July 8 | CBC News

The Trudeau government will finally update the country on the state of government finances on July 8.

Prime Minister Justin Trudeau today confirmed CBC’s report that the fiscal “snapshot” is coming next month.

“This will give Canadians a picture of where our economy is right now, how our response compares to that of other countries, and what we can expect for the months to come,” he said.Trudeau said that because of the economic uncertainty created by the global pandemic, the update will not be the same as the ones in previous years.

“I’ve consistently said that an economic and fiscal update would be unrealistic right now because it automatically includes projections for a year, three years, five years ahead of time, which quite frankly we simply couldn’t make any responsible predictions about,” he said.

Watch: Trudeau tells reporters his government will deliver a fiscal update on July 8:

Prime Minister Justin Trudeau took questions from reporters outside Rideau Cottage on Wednesday. 2:10

He would not offer a timeframe for presenting a full economic update or a budget, saying only it will happen once the economy has stabilized.

Trudeau said the economy is now moving fro