Our challenge is to create a new normal

While Chrystia Freeland’s budget does a reasonably good job keeping the economy alive for an immediate post-pandemic recovery, it falls short on plans to deal with the big economic changes we need that help build future innovation and prosperity in a post-pandemic world.
Finance Minister Chrystia Freeland, pictured April 19, 2021, walking to the Sir John A. Macdonald Building in Ottawa to hold a press conference after releasing the federal government's budget. There’s little doubt that keeping our $2.4-trillion economy on life support during the pandemic means that pent-up demand should spur an economic boost once many more Canadians are vaccinated and lockdowns are over.
TORONTO—In her budget speech last week, an optimistic Finance Minister Chrystia Freeland promised that, “the Canadian economy is poised to come roaring back.” And she has a good chance of being right. At least for the short-term. But the longer term is another question. There’s little doubt...

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