Morneau on federal finances: Canada still best among G7 nations despite COVID-19 spending

CTV News' Evan Solomon speaks with Finance Minister Bill Morneau about the federal government's fiscal snapshot, which shows that Canada's deficit will balloon to $343.2 billion in 2020-2021.

The finance minister says despite increased spending because of the COVID-19 pandemic, Canada is still among the best in the G7, adding that all levels of government need to work "together" in order to ensure a strong recovery.

Read more about the fiscal snapshot here: ctv.news/yBKrggf

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34 comments

  1. Listen, Morneau, please stop avoiding the reporter’s questions. What utter incompetence.

  2. Only nation to get their debt downgraded…morneau says still the best….why is this garbage tolerated in canada what that actual hell is this joke?

  3. Of course every member of the G7 are dealing with COVID-19. That means two things, the impact of these alarming expenditures are not as bad as they would seem and that just being the best of the G7 means very little.

    1. We AREN’T the best of the G7. We have the highest unemployment of the G7. Morneau is lying through his teeth.

  4. The money is fake. It’s all printed out of thin air. These debts are not real. They are nothing more than a ponzi scheme to hand over money to billionaires.

    1. Wow. Someone is paying attention. Money is fake but your statement goes too far. If money is fake, why would they want it? It’s about control.

  5. JUSTIN, PLEASE STOP SMOKING POT, IT IS NOT HELPING CANADA!!!!!!!! TRUDEAU JUST DESTROYED CANADA’S ECONOMY PLAYING HERO WITH IMMIGRANTS AND THE CHINA/WUHAN VIRUS SPENDING!!!!!!!!!

  6. Investment??? So when do I start getting a return on this “investment”?? We are the ONLY G7 country that had a downgrade on our credit rating. Meaning: higher interest rates on the borrowed money. $ 1 trillion dollars now!! If interest rates increase even a little there will be government cut backs on programs!!

  7. Canada has the HIGHEST UNEMPLOYMENT RATE in the G7. “Canada still best among G7 nations” is a bald-faced lie.

  8. Canada has the HIGHEST UNEMPLOYMENT RATE in the G7. “Canada still best among G7 nations” is a bald-faced lie.

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