Remarks by the Deputy Prime Minister and Minister of Finance on the launch of the pre-budget consultations
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For nearly two years, Canadians have been grappling with COVID-19.
| Department of Finance Canada | speeches
For nearly two years, Canadians have been grappling with COVID-19.
| Department of Finance Canada | speeches
Let me start by saying that I am proud to be a Ukrainian-Canadian and that I am proud of the contributions our Ukrainian-Canadian community has made to Canada, for much more than a century.
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In the past few days, there has been a rise in COVID-19 cases. Some regions of the country are reporting a record number of cases. The Omicron variant of the virus is much more transmissible than the others.
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Our government understood at the outset that in order to win the fight against COVID-19, we need to have the right tools. We need vaccines. We need rapid tests. We need therapeutics. And we need to have the measures in place to support people and businesses economically to get through restrictions and lockdowns.
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We are here today to make an announcement about Canada’s monetary policy framework – an important topic as our country continues its recovery from the COVID-19 recession.
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As Omicron has reminded us, we are still living in a pandemic. And as we are learning, this is an even more transmissible variant of the virus.
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On Tuesday, our government released an economic and fiscal update that outlines targeted investments that will allow us to finish the fight against COVID. We know that vaccines are our best line of defence against the virus. That is why we have invested more than $7.3 billion in buying vaccines for all eligible Canadians, including pediatric vaccines. That amount also includes the purchase of booster shots.
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Mr. Chair, congratulations on assuming the chair, and thank you for your invitation. I’d like to say to all the members here, congratulations to everyone on being elected and thank you for your hard work. Since the House has returned, the emergence of a new COVID-19 variant has forced new travel restrictions in a number of countries, including Canada, and created renewed uncertainty in global markets.
| Department of Finance Canada | speeches
Twenty-one months ago, a global pandemic reached our shores. Few of us had any idea how long it would last or the toll it would take. And today, we are facing Omicron, an even more virulent variant of this virus.
| Department of Finance Canada | speeches
When the COVID-19 crisis hit, our government rapidly rolled out an historic set of broad-based programs so that we could save lives, ensure our economy could withstand public health restrictions, and have the backs of Canadian workers and Canadian businesses so they could get through the pandemic.