Morneau worried about ‘rocky’ recovery as second COVID-19 wave derails the economy

DM

Former finance minister Bill Morneau says Canada was poised to make an economic recovery when the second wave of the COVID-19 pandemic hit — and he’s now worried about a “rocky” road ahead for some sectors of the economy. In a recent interview, Morneau told CBC’s Rosemary Barton that Canadians should be prepared for more “difficult periods” during the pandemic and warned the government’s finances will be under much more stress than anyone thought possible at the outset of 2020. “We were on the road to recovery. This is a really difficult setback. I suppose we expected that we were going to have a second wave but this is more challenging, I think, than we expected,” he said. “It means the road to recovery will be uneven, it will be rocky … It’s going to be long.”

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