Walking a 'tightrope': Bill Morneau and the path out of the pandemic economy - News Summed Up

Walking a 'tightrope': Bill Morneau and the path out of the pandemic economy


Successes and failuresAsked if there's anything he wishes he'd done differently, Morneau points to the federal government's commercial rent relief program with the provinces, which struggled to gain traction. Whatever else Morneau could say about the federal government's actions, it wasn't obvious that he had put it on a fiscally unimpeachable path before the pandemic hit. But provinces have complained about the sums being offered and the federal government's insistence on the funds being used for specific purposes. All that will contend with a need to show that the federal government's debt can be kept within a manageable range. "We did it while being fiscally responsible, reducing the debt and the deficit as a function of our economy.


Source: CBC News July 04, 2020 07:59 UTC



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