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What the pandemic public spending spree will mean for Canada’s post-COVID economy?

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Over the course of COVID-19, Canada’s deficit has grown faster than any other developed country, with the debt forecast to hit $1.6 trillion this year.

But unlike election campaigns past, there’s been little discussion of balancing the books for the foreseeable future.

Economists largely agree that the pandemic public spending spree is both necessary and manageable, thanks in part to record low-interest rates.

Jeff Semple reports on how the pandemic spending will affect Canada's economy in the future.

For more info, please go to https://globalnews.ca/news/8156408/daunting-debt-what-the-pandemic-public-spending-spree-will-mean-for-canadas-post-covid-economy/

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Category
U.S. & Canada
Tags
global news, Canada election 2021, bank of canada
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