Bringing Canada's economy out of COVID-19 will 'likely take a decade': Former deputy PM

John Manley, is senior advisor at Bennett Jones as well as former finance minister and former deputy prime minister. He discusses the future of Canada's economy post COVID-19 pandemic. He notes that once government-mandated shutdown ends, it will take some time for consumer confidence, supply chains and businesses to get stabilize.

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[vancouveride]

"you can spend as long as you can borrow the money" - typical Canadian politician.

[cnkis]

I love Canadians, half my family lives in Toronto. I find your economy very interesting. I was thinking of moving there to be closer to family, but I was shocked at how expensive it is! Anyways, I’m praying for a speedy recovery for the world 👍🇺🇸🇨🇦

[mouseminer]

I am sure someone is laughing right now.

[Xx-Anwar-xX]

Means, you better not spend the coming decade in Canada .

[Slickpete]

we don't need to borrow $CAD from anyone !!!, we create our own dollars and spend them into existence, simple moden monetary theory

[lenBrill]

Companies like Army and Navy are just the beginning of a dieing economy. Not all small and large businesses are coming back. And the amount of people unemployed is staggering. And the government is flippant over it. This disease is not the problem anymore. The government is the biggest disease.

[IamYouYouAreMeWeAreNothing]

The only hope Canada has is for the government to print money and hope the economy picks itself up. We have no industry here and any international will simply do business in the US before Canada. Government infrastructure stimulus won’t be as effective because construction sites will be altered due to COVID; resulting in less people working and enclosed buildings will be designed to hold less people meaning less work for tradespeople.

[aebniala]

Just stay in the sun and watch it all go away....