Economy

COVID-19 Economic Response Takes Canada Into Uncharted Waters

To limit economic damage from the CCP virus pandemic, the Canadian government and Bank of Canada are being pushed well beyond the extents they reached in dealing with the financial crisis a decade ago.
COVID-19 Economic Response Takes Canada Into Uncharted Waters
Finance Minister Bill Morneau looks on as Bank of Canada governor Stephen Poloz responds to a question during a news conference in Ottawa on March 27, 2020. The Canadian Press/Adrian Wyld
Rahul Vaidyanath
|Updated:
News Analysis
To limit economic damage from the CCP virus pandemic, the Canadian government and Bank of Canada are being pushed well beyond the extents they reached in dealing with the financial crisis a decade ago. The unprecedented actions and money being spent are meant to buy time so that there’s still an economy left when the pandemic has run its course.
Rahul Vaidyanath
Rahul Vaidyanath
Journalist
Rahul Vaidyanath is a journalist with The Epoch Times in Ottawa. His areas of expertise include the economy, financial markets, China, and national defence and security. He has worked for the Bank of Canada, Canada Mortgage and Housing Corp., and investment banks in Toronto, New York, and Los Angeles.
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