These demographics saw higher rates of job loss or reduced working hours.
The government has been pumping money into the economy since March, to mitigate the effects of the pandemic. Our investments have meant that Canadians and Canadian businesses, instead of drowning in debt and closing up shop, will be better positioned to get back at it.
Federal government spending, along with the deficit, is poised to hit all-time highs as a share of GDP outside of World War II.
The deficit projection released Wednesday is up from the pre-pandemic economic update delivered in December 2019.
Total market debt, which includes a ramp up in Treasury bills, will grow to $1.2 trillion from $765 billion.
"It's not easy. We're in challenging times", Finance Minister Bill Morneau told reporters.
Wednesday's fiscal update is based on an assumption the economy will contract by 6.8 per cent this year, the largest drop since the Great Depression, before rebounding by 5.5 per cent to 2021. But the road towards recovery remains long and uncertain.
Deputy chief public health officer Howard Njoo said the outbreak was largely under control, while stressing measures such as contact tracing and quarantine would still be essential.
In a statement, the Government says, "Canada's COVID-19 Economic Response Plan is ensuring Canadians have the support they need to put food on the table and keep a roof over their head".
"At the same time, we are concerned about the threat of extra tariffs on aluminium and possibly steel", Trudeau added.
The government expects unemployment to hit 9.8 per cent this year then fall to 7.8 per cent next year. "So where is the prime minister's plan to set us apart?" Over the past five years, the Trudeau Liberals have completely abandoned their fiscal anchors.
The government now projects that debt will rise to 49.1% of GDP in the fiscal year that started on April 1 of this year, up from 31.1% last year.
"Those who would have us do less ignore that without government action, millions of jobs would have been lost, putting the burden of debt onto families and jeopardizing Canada's resilience".
Canadian officials are continuing to push very hard on encouraging the USA not to move forward on tariffs that don't have any justification and will have a negative impact, the Prime Minister added.
Canada - with a population a tenth of the size of the United States - has so far recorded 8,711 deaths and 106,167 cases and Trudeau said the situation was stabilizing, although some hotspots remained. In order to be competitive, we need to unleash the power of the private sector. "Support small businesses. Lower taxes, cut red tape and make Canada an attractive place to do business once again", he said.