Trudeau Finance Chief to Boost Budget Risk Cushion on Virus
- Morneau touts ‘fiscal firepower’ in face of global crisis
- Also praises government response to indigenous rail blockades
Bill Morneau.
Photographer: Christinne Muschi/BloombergThis article is for subscribers only.
Finance Minister Bill Morneau sought to reassure Canadians the government has the tools to shield the economy from the global coronavirus crisis.
In a speech two days after the central bank slashed interest rates by half a percentage point, Morneau said the government plans to increase the amount it sets aside for emergencies in its next budget, due in coming weeks.