Coronavirus: Chrystia Freeland planning for the worst, hoping for the best in fiscal update

Finance Minister Chrystia Freeland joins Global National's Dawna Friesen, where she says the Liberal government's fall fiscal update offers a couple of scenarios which includes all of their projections being built on the worst case scenario. “Prepare for the worst, hope for the best,” Freeland said. “It is a lot of money,” the finance minister said of a projected $381 billion deficit for 2020, but she said Canada's debt servicing charges are “imminently manageable,” and are the lowest in a hundred years. She adds that they're “working very hard right now to push out the maturity's on our debt to lock-in today's low interest rates.” She says their plan is working so far with Canada having “recovered 80 per cent of the jobs lost at the bottom of the crisis.”

MORE: https://globalnews.ca/news/7492399/fiscal-update-child-benefit-wage-subsidy-airline-refunds/

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