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

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  • Global News published this video item, entitled “Coronavirus: Chrystia Freeland planning for the worst, hoping for the best in fiscal update” – below is their description.

    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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    In This Story: Canada

    Canada is a country in the northern part of North America. It extends from the Atlantic to the Pacific and northward into the Arctic Ocean, covering 9.98 million square kilometres (3.85 million square miles), making it the world’s second-largest country by total area.

    Its southern and western border with the United States, stretching 8,891 kilometres (5,525 mi), is the world’s longest bi-national land border. Canada’s capital is Ottawa, and its three largest metropolitan areas are Toronto, Montreal, and Vancouver.

    Various Indigenous peoples inhabited what is now Canada for thousands of years before European colonization. The Canada Act 1982, which severed the vestiges of legal dependence on the British Parliament. Canada is a parliamentary democracy and a constitutional monarchy in the Westminster tradition, with a monarch and a prime minister who serves as the chair of the Cabinet and head of government.

    As a highly developed country, Canada has the seventeenth-highest nominal per-capita income globally as well as the thirteenth-highest ranking in the Human Development Index. Its advanced economy is the tenth-largest in the world, relying chiefly upon its abundant natural resources and well-developed international trade networks.

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    Covid-19 is the official WHO name given to the novel coronavirus which broke out in late 2019 and began to spread in the early months of 2020.

    Symptoms of coronavirus

    The main symptoms of coronavirus are:

    • a persistent new cough (non productive, dry)
    • a high temperature (e.g. head feels warm to the touch)
    • shortness of breath (if this is abnormal for the individual, or increased)

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