The Big Picture – Canada’s Debt Hangover
As the spread of the COVID-19 pandemic took hold, the global economy suffered through waves of economic uncertainty, underscored by lockdowns, partial re-openings, and further lockdowns. Amid the volatility, governments and central banks around the world responded with unprecedented levels of fiscal and monetary stimulus. However, with the major industrialised nations moving to fully open their economies, questions remain as to how to reduce the unneeded stimulus and how to deal with the accumulating debt burden.
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