Today, the IMF warned that the world is on the cusp a recession even more severe than the contraction caused by the financial crisis of 2007-2009.
Canadians are confronting an economic crisis that may be without precedent in our lifetimes.
I am therefore calling on the Trudeau Government, which has taken some steps in the right direction, to take far bolder action to protect ordinary citizens and particularly the most vulnerable among us.
The measures I am urging the government to take include an 80% wage subsidy to keep workers employed, a three-month rent holiday, a three-month holiday from interest on consumer and small business loans, credit card debt, and residential mortgages and, on a longer term basis, a guaranteed basic income. My full statement is here.
