There is some optimism the Canadian economy could be starting to get back on its feet in about a month or so.
Lakehead University Economics Professor Livio Di Matteo hopes by then the spread of COVID-19 virus will be under some control.
“The important next step will be to start essentially re-opening economic activity in a measured and gradual basis to accommodate the fact that we will probably have to various types of precautions to minimize contact.”
Di Matteo is predicting a close to $200 billion federal deficit, but is not ready to predict whether we may see added taxes beyond that.
However, he states the recovery won’t be without a hit to the value of all goods and services.
