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Macdonald-Laurier Institute

Ottawa is in a ‘vicious circle’ of spending due to the pandemic: Philip Cross on BNN Bloomberg

June 2, 2020
in COVID-19, Domestic Policy Program, Economic policy, In the Media, Latest News, Multimedia, Philip Cross
Reading Time: 1 min read
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MLI senior fellow Philip Cross appeared on BNN Bloomberg to discuss the testimony of Evan Siddall, the president and CEO of Canada Mortgage and Housing Commission (CMHC), before the Finance Committee. Sidall presented a dire picture for Canada’s economy which sparked debate this past week.

“Canadians need to understand that we’re not just in a healthcare emergency, we’re in a very serious economic crisis,” states Cross.

Cross warns that Canadians will be facing a number of obstacles to recovery, such as a worsening job market, a rapid economic recession in an extremely short time frame, and declining prices. Cross also goes on to warn that Ottawa will face a significant challenge in moving away from CERB in the coming months.

Tags: COVID-19debtdeficiteconomic policyeconomyPhilip Cross
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  • Home
  • About
    • Who We Are
    • Who Makes MLI Work
    • Tenth Anniversary
  • Experts
    • Experts Directory
    • In Memoriam
  • Issues
    • Domestic Policy Program
      • Agriculture and Agri-Food
      • Canada’s Political Tradition
      • Economic policy
      • Health Care
      • Innovation
      • Justice
      • Social issues
      • Telecoms
    • Energy Policy Program
      • Energy
      • Environment
    • Foreign Policy Program
      • Foreign Affairs
      • National Defence
      • National Security
    • Indigenous Affairs Program
  • Projects
    • The Great Energy Crisis
    • Centre for Advancing Canada’s Interests Abroad
    • Dragon at the Door
    • Canada and the Indo-Pacific Initiative
    • The Transatlantic Program
    • DisInfoWatch.org
    • An Intellectual Property Strategy for Canada
    • Competition Policy in Canada
    • Speak for Ourselves
    • Justice Report Card
    • COVID Misery Index
      • Provincial COVID Misery Index
      • Beyond Lockdown
      • COVID and after: A mandate for recovery
    • Indigenous Prosperity at a Crossroads
      • Aboriginal Canada and Natural Resources
    • Past Projects
      • The Eavesdropping Dragon: Huawei
      • Talkin’ in the Free World with Mariam Memarsadeghi
      • Munk Senior Fellows
      • A Mandate for Canada
      • Confederation Series
      • Fiscal Reform
      • The Canadian Century project
      • Fixing Canadian health care
      • Internal trade
      • From a mandate for change
      • Size of government in Canada
      • Straight Talk
      • Labour Market Report
      • Leading Economic Indicator
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© 2021 Macdonald-Laurier Institute. All Rights reserved.