Where is the money for COVID-19 financial relief coming from and how does Canada pay for it all?
Billions of dollars are flowing out of government taps to stimulate and protect the Canadian economy during the coronavirus pandemic. Where does that money actually originate and what does it mean for Canadians?
Billions of dollars are flowing out of government taps to stimulate and protect the Canadian economy during the coronavirus pandemic.
- The Cost of Living is sticking around all summer on CBC Radio One!
Catch us Fridays at 11:30 a.m. or if you prefer weekends,
starting July 4, 2020 we encore Saturdays at 11 a.m. after the news.
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So listeners called into the Cost of Living asking how are we going to pay for all that aid, and over how many years? How does the Canadian response compare to, say, the U.S. response to the financial crisis of 2008?
Executive Producer Tracy Johnson heads into the studio to explain where the money comes from and what it could possibly mean in the future.
Click "listen" at the top of the page to hear this segment, or download the Cost of Living podcast.