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Canada has a path to a "soft landing," says Treasury Minister Freeland: CBC

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Reuters

Reuters

Deputy Prime Minister and Minister of Finance Chrystia Freeland speaks at a press conference in Ottawa, Feb. 17, 2022.
Deputy Prime Minister and Finance Minister Chrystia Freeland was held in Ottawa on February 17, 2022. Lecture at a press conference.Photo: Patrick Doyle / File/Reuters

Finance Minister Chrystia Freeland on Sunday in Canada The road to a "soft landing" that can be financially stable after the blow of the COVID-19 pandemic without facing the serious recession that many still fear,CBC News} Was reported.

In an interview with Rosemary Barton Live, Freeland helps Canadians suffering from the effects of inflation, pursues fiscal restraint policies, or takes risks. The bills to pay problem, which states that a balance must be balanced between the attacks, is exacerbated.

She was prepared to accept further action on affordable issues, but she believes that measures already in place will help reduce the impact on Canadians.

"I have to balance. One is to help Canadians with affordable challenges, and the other is to do more of a Canadian banking job than ever before. It's a financial restraint because we don't want to make it difficult, "Freeland said.

When asked about Canada's ability to survive the uncertainty of the world economy, Freeland said, "The challenge is not over, but we really believe we will overcome it together." "I kept a bright tone." According to her report.

Canada's annual inflation rate accelerated to 7.7% in May, hitting a high of nearly 40 years. This is well above the Bank of Canada's April forecast of 5.8% for the quarter.

Freeland has previously shown confidence in the ability of the Bank of Canada to curb inflation spikes and prevent price increases from taking hold, but she guarantees that the economy will avoid a recession. She said.

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