"We now have economic problems, but we have no surplus with which to cushion ourselves against those problems." Finance Minister Bill Morneau revealed Friday that the Trudeau government's budget would include measures to handle the "clear" threat COVID-19 poses to Canada's economy. Critics outlined key prioritiesBut Poilievre slammed the Liberal government for racking up deficits and contributing to a slowdown of Canada's economic growth before those crises hit. "In other words, they squandered the good times and have left us weak and vulnerable going into the bad times," he said. After delivering the 2019 fiscal update in December of last year, Morneau said Canada's economy was "sound and growing," despite an increase in the country's deficit.

Source: CBC News March 08, 2020 21:11 UTC