Canadian FinMin Morneau: Now prepared to use its fiscal firepower
|Canadian Finance Minister Morneau is on the wires now, via Reuters, noting that they are now prepared to use its fiscal firepower to battle the coronavirus impact on the economy.
Further comments
Impact of coronavirus in Canada is profound.
1st phase of response is $C27B in direct spending.
Measures announced today our 1st phase of government's plan.
Export development Canada is working on specific tools for airline and energy sectors.
When the time is right we will announce more long-term investments.
Spoke to two airline CEOs on Tuesday evening, working to bridge difficult period for affected industries.
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