Internal memo reassured Trudeau that virus’s economic hit would be ‘manageable’

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Internal memo reassured Trudeau that virus’s economic hit would be ‘manageable’
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Two weeks after the first case of Covid-19 was reported in Canada, an internal memo to Prime Minister Justin Trudeau predicted the economic hit of any domestic outbreak would be “manageable and would reverse quickly”

an internal memo to Prime Minister Justin Trudeau predicted the economic hit of any domestic outbreak would be “manageable and would reverse quickly.”adds to evidence that the Canadian government, like so many around the world, was caught off guard by the rapid spread of Covid-19. It was obtained by POLITICO under the Access to Information Act.

“The Department of Finance concludes that economic impacts in Canada could be somewhat larger than in 2003, but would still be manageable and would reverse quickly,” said the two-page memo signed by Privy Council clerk Ian Shugart, Canada’s top civil servant.

On Feb. 7 — the same day as the Trudeau briefing note — Trump told Bob Woodward of The Washington Post in an interview that the coronavirus is“This is more deadly,” Trump said. “This is five per — you know, this is 5 percent versus 1 percent and less than 1 percent, you know. So, this is deadly stuff.”

The Feb. 7 briefing note to Trudeau expressed little concern about the possible economic fallout of Covid-19 at that point in time.

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