In light of COVID-19, Trudeau shouldn't be 'rushing' the budget: Former finance minister Joe Oliver
Canada will do whatever it takes to fight the spread of COVID-19 and support the country’s economy, according to Deputy Prime Minister Chrystia Freeland.
“The government absolutely understands that this is a serious situation for the economy,” Freeland told CTV Power Play Thursday.
“Canada is in a strong position to respond. We have a AAA credit rating, we have the lowest debt-to-GDP ratio in the G7, and our government has not only the fiscal firepower but also the will to respond strongly – and we will.”
Earlier in the week, the federal government pledged $1.1-billion in funding to respond to the virus. And Freeland left the door open to more fiscal intervention if necessary.
“We will do whatever it takes,” she said.
Her comments come as concerns about the spread of COVID-19 intensified this week. The Prime Minister’s Office said late Thursday that Justin Trudeau’s wife, Sophie Grégoire Trudeau, tested positive for the virus and the prime minister will remain in self-isolation for 14 days.
Meanwhile, public schools in Ontario were ordered to shut their doors as of tomorrow until Apr. 5, and some provinces warned against international travel.