National Post: What 16 months of COVID lockdowns have cost us
The most crushing pandemic debt in the G20, and thousands of deaths attributable to the effects of lockdowns Canada is entering the post-lockdown era. We are officially the most vaccinated country on earth and our daily rate of COVID-19 fatalities has plummeted to just one in every two million Canadians.
This is by far the most expensive thing Canada has ever done
In March 2020, just as the first stay-at-home orders were hitting Canadian cities, the country’s federal debt stood at $721.4 billion.
Only one year later, the Department of Finance was pegging the debt load at $1.2 trillion. It took 153 years to get to $721.4 billion, and in one year Canada grew that total by 66 per cent. That’s enough debt to pay for Canada’s entire inflation-adjusted contribution to the Second World War.
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WNU Editor: I live in Canada, and I have seen first hand on how lock-downs have destroyed people's businesses.
And as for Canada's finances.
From having one of the best fiscal balance sheets in the world to one that has been demolished in just 14 months, I shudder on what this will eventually cost to the young who will be facing the burden of paying all of this off.
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