This translation has been automatically generated and has not been verified for accuracy.Paul Deegan, CEO, Deegan Public Strategies and former deputy executive director, National Economic Council, the White Housewanghe/Getty Images
The first implication is debt, mountains of it. Fiscal stimulus by the federal and provincial governments is massive, and needed, to respond to an unprecedented health crisis that has precipitated a sudden and unique recession. Estimates will vary given the economic uncertainty, but we will likely see federal deficits north of $125-billion this year, with more of the same next year, and matched by large provincial deficits.
The third is national health-care systems, and their capacity to respond to known unknowns. The COVID-19 crisis has highlighted the integrated nature of a resilient health-care system: strong research capabilities to identify the sources of an illness and develop responses, world-class public health modelling capacity, innovative firms developing health-care solutions, well-trained and equipped front-line medical staff and surge capacity in our hospitals.
The fifth is geopolitics, with a rise in nationalism and decline in multilateralism. A striking feature of this pandemic crisis compared with the global financial crisis of 2008 is the relative absence of international co-ordination: The superpowers have struck decidedly go-it-alone tones, the Group of 20 was late to the crisis and showed little leadership and even the European Union devolved into national responses to the crisis.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Five Vancouver Canucks players who left and succeded elsewhereThe Canucks haven’t let many great players get away in their history but there have been a few that left and did better elsewhere. imacSportsnet looks back at five players from the past and how Vancouver fared with what they got in return. Canucks imacSportsnet Neely is the only one that actually hurt. Kes would have nailed Umberger gf/wife and Cooke was POS most of his career. Canucks imacSportsnet You guys must be bored .
Source: Sportsnet - 🏆 57. / 59 Read more »
Five most important goals in the modern Winnipeg Jets era - Sportsnet.caThe Winnipeg Jets 2.0 came to the city from Atlanta in 2011, but while the history of the modern Jets isn't long, there have been a bunch of big goals scored. Sean Reynolds rank five of the most important. NHLJets The Jets havent accomplished much but yea I guess having an NHL team gives fans a lot to cheer about. When did they come to winnipeg. 2011? Okay yea. Makes sense NHLJets If anyone is interested, Mike Weaver shared his thoughts on playing hockey in Atlanta on End to End this week. You could find the interview here:
Source: Sportsnet - 🏆 57. / 59 Read more »
Five intriguing Canadiens prospects: Struble, Harris 'will be good NHL players' - Sportsnet.caNortheastern coach Jim Madigan says Canadiens prospects Jordan Harris and Jayden Struble are no-doubters. EricEngels explains why, when Madigan speaks, we should listen: EricEngels Ah yes. Using a picture with deliberate checking from behind is the right one. EricEngels Just what I needed. A little habs hockey read injected in my veins. Thanks for the info really been interested in Struble since we drafted him. Our defence could be strong 💪 on both sides in the years to come.
Source: Sportsnet - 🏆 57. / 59 Read more »
Ranking WrestleMania's top-five greatest entrances - Sportsnet.ca24 years ago today, Shawn Michaels zip-lined from the top of Arrowhead Pond of Anaheim down to the floor and into WWE lore. Where does HBK's legendary entrance rank on KevinMichie's list of the top-five greatest-ever WrestleMania entrances? KevinMichie KevinMichie KevinMichie Everyone knows that stuff is fake,why is it called a sporting contest.
Source: Sportsnet - 🏆 57. / 59 Read more »
Russia spreading propaganda during COVID-19 pandemic: U of C School of Public PolicyTitled COVID-19 as a Tool of Information Confrontation: Russia’s Approach, the article claims Russia is waging a war of disinformation centering around the COVID-19 pandemic. But somehow Chinese propaganda is totally ignored 🤔 Are these the same people spreading Russia Russia election interference that end up being fake🤓 Lmao not only have we gone to extreme lengths to make enemies with the USA, now we're starting with Russia. This will work out well.
Source: CTVNews - 🏆 1. / 99 Read more »
Air Canada to reduce workforce by 16,500 as it parks planes during COVID-19Executive salaries to be cut and programs instituted to shore up coffers
Source: nationalpost - 🏆 10. / 80 Read more »