Ottawa ‘Probably’ Overspent on COVID Stimulus Payments, Says Bill Morneau

Ottawa ‘Probably’ Overspent on COVID Stimulus Payments, Says Bill Morneau
Then-Minister of Finance Bill Morneau announces his resignation during a news conference on Parliament Hill in Ottawa, on Aug. 17, 2020. Justin Tang/The Canadian Press
Peter Wilson
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The federal government “probably” overspent on its COVID-19 stimulus payment programs, says former Liberal finance minister Bill Morneau, who also expressed concern about the possibility of a recession hitting Canada this year.

“For this government to be more effective ... in managing the economy, it’s about engaging with the provinces to make sure that we create those opportunities across the country,” Morneau said on an episode of CTV News’ “Question Period,” the full version of which has not yet aired.