Bank of Canada keeps interest rates unchanged. She hoped that there will be recovery in next two years and she hope she will pull out aid programs she launched due to corona virus to help Canadian citizens.
Most of the aid is provided to people who lost jobs due to corona virus. She hope with economic recovery there will be jobs. As unemployment will fall it will lessen burden of Govt to run aid programs. These aid programs are usually funded by debt and it does effect physical deficit of govt. which is bad for economy.
There are huge job losses in sectors like hotel , tourism , airlines etc. However there are some jobs created in health care and tech sector. She said country is recovering swiftly from downturn due to corona virus and recovered mostly from economic slump.
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