Canada's Fiscal Track is 'Reasonable, Sustainable': Freeland

Canada's Fiscal Track is 'Reasonable, Sustainable': Freeland

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The transcript discusses Canada's approach to recovering from the COVID recession, emphasizing the importance of investing in a swift recovery and long-term growth. It highlights Canada's fiscal prudence, with a focus on maintaining a declining debt-to-GDP ratio and a sustainable fiscal track. The unique economic impact of COVID is compared to a natural disaster, necessitating government support to avoid economic scarring. The transcript concludes with a discussion on the budget's role in supporting long-term economic growth.

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5 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is one of the key goals of Canada's budget as discussed in the first section?

To focus solely on reducing taxes

To increase the debt-to-GDP ratio

To ensure a swift and robust recovery

To invest in short-term growth only

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How does the Canadian government view the COVID-19 recession, according to the second section?

As an exogenous economic shock similar to a natural disaster

As an opportunity for tax cuts

As a chance to increase public spending without limits

As a typical economic downturn

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What was one of the main reasons for the Canadian government's support during the COVID-19 recession?

To increase the national debt

To avoid economic scarring

To reduce government intervention

To focus on international trade

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What did Mark Carney suggest about Canada's growth strategy in the podcast mentioned in the final section?

It is already perfect and needs no changes

It requires several more budgets to meet current needs

It should prioritize short-term gains over long-term growth

It should focus more on reducing the deficit

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are the three main tasks set by the Canadian government in the final section?

Focus on international relations, reduce debt, and increase public spending

Finish the fight against COVID, support a fast recovery, and implement long-term growth measures

Increase taxes, reduce spending, and focus on short-term growth

Cut public services, increase exports, and reduce the deficit