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View Bill Morneau Profile
Lib. (ON)
View Bill Morneau Profile
2020-03-25 4:46 [p.2081]
Mr. Speaker, first and foremost the message I want to get out to Canadian businesses is that we have a strong and resilient country. We have a tremendous starting point: Our health system is strong, our financial situation is strong and we have a banking system that is literally the best in the world. These are important assets as we face this challenging time.
The reason it is so important to have a strong financial position as a country is that in a difficult time, such as the one we are facing right now, it means we have the capacity to act and to continue to act, because that financial capacity allows us to face today's challenges and the continuing challenges that we will have to face together. Therefore, we have put forward measures that are very significant. They include $55 billion in tax deferrals, direct support to individuals, and support to businesses. We will continue to think about additional measures we can take as we face this situation. We do not know the severity of the situation and we do not know the duration, and that is why we are maintaining our ability to address a dynamic situation with dynamic measures.
We know our approach will get us through this time. It will help Canadians bridge this time to a better future.
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