's finances from a small surplus to a deficit of $321 million, according to the province's 2019-20 audited financial statements. The deficit represents a drop of $595 million from the $274 million surplus projected in the 2019 budget. As well, ICBC lost $298 million due to market conditions from COVID-19, according to the report. North America began to feel the effects of the pandemic in earnest — economically and otherwise — at the beginning of March. remains in a relatively good position financially, but expects the effects of the pandemic to be felt in the coming years.

Source: CBC News August 31, 2020 19:57 UTC