Canada will keep up heavy but ‘limited’ coronavirus spending: Freeland

Canada will keep up heavy but ‘limited’ coronavirus spending: Freeland

Canada will continue spending heavily to combat a coronavirus pandemic but the government’s response is limited and temporary, Finance Minister Chrystia Freeland said on Wednesday.

Freeland made her remarks to a Toronto economic forum after analysts and opposition politicians questioned the fiscal consequences of spending more than $200 billion in aid programs and racking up the biggest budget deficit in 75 years.

“There are no blank cheques, and there are no free lunches,” Freeland said in prepared remarks.

“Our fiscally expansive approach to fighting the coronavirus cannot and will not be infinite. It is limited and temporary,” she added, promising more details in a fall fiscal update that she said was due soon.
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