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    Expect rapid economic growth in Canada after third wave

    AdminApril 21, 2021 0 Views0

    RBC Economics’ Dawn Desjardins talks about the economic assumptions in Budget 2021

    Author of the article:

    Larysa Harapyn

    Publishing date:

    Apr 21, 2021  •  24 minutes ago  •  1 minute read  •  Join the conversation

    A woman crosses the street during morning commuting hours in Toronto’s financial district amid the pandemic. Photo by Cole Burston/Getty Images files

    Dawn Desjardins, deputy chief economist at RBC Economics, talks with the Financial Post’s Larysa Harapyn in the video below about the economic assumptions in Budget 2021, and how Canada can expect rapid economic growth after the third wave wave.

    1. An empty security queue with social distancing markers is seen at Toronto Pearson International Airport. Passengers typically make up about 90 per cent of airport revenue, but during the pandemic, travel plummeted to 10 per cent of normal levels while airports remained open to manage essential travellers and cargo.

      Federal budget brings $1.5 billion support for hard-hit tourism and travel sectors
    2. Finance Minister Chrystia Freeland attends a press conference on Parliament Hill in Ottawa, on Monday.

      Canada’s economy was overdue for a positive shock — an historic budget might do the trick
    3. The federal budget proposes to put a countrywide tax in place on the value of “non-resident, non-Canadian owned residential real estate” that is deemed vacant or underused.

      Trudeau government’s federal budget enters housing fray with tax on foreign owners
    4. Minister of Finance Chrystia Freeland listens to a question during a news conference on the federal budget on Monday.

      What’s missing in the Liberals’ federal budget?

    Listen to Down to Business for in-depth discussions and insights into the latest in Canadian business, available wherever you get your podcasts . Check out the latest episode below:

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