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Peace Tower of Parliament in Ottawa.
MNI (Ottawa)
OTTAWA (MNI)

Canadian Finance Minister Chrystia Freeland on Monday signaled this year's budget will be another major package to pull the economy through the pandemic, affirming the plan to offer up to CAD100 billion of extra stimulus as the economy recovers.

"The 2021 budget will be among the most significant of our lifetime," said told reporters on a conference call. "Fiscal guardrails will help us determine when the job of building back from the Covid-19 recession is done, and when the stimulus can be wound down."

The pandemic "has exposed critical gaps" in our social safety net, such as youth, racial minorities and small businesses, she said. Sources have told MNI that such extra spending on social objectives could strain the country's long-term finances.

MNI Ottawa Bureau | +1 613-314-9647 | greg.quinn@marketnews.com