Canada still has path to soft landing without severe recession

Finance Minister Chrystia Freeland said on Sunday that Canada still has a path to a soft landing, where it could stabilize economically after the COVID 19 pandemic, without the severe recession many fear, but the advertisement has not yet been loaded yet, but your article continues below.

Freeland said in an interview on Rosemary Barton Live that she has to strike a balance between helping people in Canada who are suffering from the effects of inflation and pursuing a policy of fiscal restraint, or risk making the cost of living worse.

The report said that she was open to further action on affordability issues but believes the measures already in place will help reduce the impact on Canadians.

I have to strike a balance. One is supporting Canadians with affordability challenges and the other is fiscal restraint because I don't want to make the Bank of Canada job harder than it already is, the report quoted Freeland as saying.

When asked about Canada's ability to weather global economic uncertainty, Freeland maintained an upbeat tone, saying that the challenge is not over, but I truly believe that we are going to get through this together, according to the report.