Finance minister wants to ‘unleash’ Canadians’ savings as ‘pre-loaded stimulus’ to economy

In a troubling statement that sparked an immediate backlash from a prominent Conservative Party (CPC) MP, Canada’s Finance Minister said the government needs to “find ways” to “unleash” people’s hard-earned savings to stimulate the Canadian economy. “Some Canadian households, it tends to be the better-off households, do have quite a lot of money that they’ve saved because there hasn’t been that much to do in the pandemic. Certainly, it would be great if that money could go towards driving our recovery,” said Canada’s Deputy Prime Minister, Finance Minister, and Liberal Party MP Chrystia Freeland during a Bloomberg interview last week. -- More...