In normal times, Finance Minister Minister Chrystia Freeland would have presented Canada’s Economic and Fiscal Update, a snapshot of the country’s coffers, in the House of Commons.
Instead, Freeland tabled the 96-page Update from isolation after two of her staffers tested positive for COVID-19 — a reminder of the virus’s persistence nearly two years into the global pandemic. The Update promised tepid single-digit GDP growth, a growing debt-to-GDP rating, and tens of billions of dollars in additional spending.
But with an expected Omicron wave, the Update cautioned Canadians of the fact COVID recovery is still a long way off.
“As Omicron has reminded us, COVID-19 threatens us still,” reads Freeland’s introduction to the Economic and Fiscal Update. “As 2021 draws to a close, finishing the fight against COVID-19 remains our most important nationa
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