Canadian FinMin Morneau: Now prepared to use its fiscal firepower

Canadian Finance Minister Morneau is on the wires now, via Reuters, noting that they are now prepared to use its fiscal firepower to battle the coronavirus impact on the economy.

Further comments

Impact of coronavirus in Canada is profound.

1st phase of response is $C27B in direct spending.

Measures announced today our 1st phase of government's plan.

Export development Canada is working on specific tools for airline and energy sectors.

• Canadian PM Trudeau: Will provide up to C$27 billion to help Canadians and businesses