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

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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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Category
U.S. & Canada
Tags
coronavirus, COVID-19, corona virus
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