Cornelius Christian

Columnist
Economy

No, Canada Cannot Keep Borrowing Money

To pay for COVID-19 programs like the Canada Emergency Response Benefit (CERB), federal and provincial governments are expected to borrow 12 per cent of the country’s income, adding to a public debt of more than $770 billion.

Economy

Covid-19 Exposes World Economy as House of Cards

Last month, the number of those infected with novel coronavirus, Covid-19, was around 1,000. That number is now over 80,000, with over 2,700 dead — much worse than SARS. And these are only the confirmed cases; Professor Neil Ferguson, an infectious diseases expert at Imperial College, London, suggests that there are hundreds of thousands of undetected cases. Both Ferguson and Harvard’s Marc Lipsitch, another virus researcher, claim that Covid-19 will infect 40 to 60 percent of the world’s population if left uncontrolled. In response to this threat, the Canadian government continues to sit on its hands, and refuses to consider travel bans or meaningful quarantine measures. This is nothing new.