Bill Morneau\u0027s book details growing tensions between Justin Trudeau and his then Minister of Finance. Read more
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“During the period when the largest government expenditures as a portion of GDP were made in the shortest time since the advent of World War II, calculations and recommendations from the Ministry of Finance were basically disregarded in favour of winning a popularity contest.
Morneau wrote he was initially impressed by the government’s speed in getting these pandemic economic stimulus programs off the ground as it faced growing pressure on how it was responding to the crisis. “To be fair to both sides, what the Prime Minister and his team were trying to do, appropriately, is ensure that Canadians had confidence that they could deal with an enormous challenge — and we shared that goal,” Morneau told CTV. “But this secondary goal for the Department of Finance was to make sure that as we gave that massive support that we reduced it at a time that made sense. So, the timing and the scale of the support, we had a difference of opinion.
It isn’t the first time the former finance minister has been critical of the Trudeau government since leaving office. Recently, Morneau said he was much more concerned about the country’s economic prospects than when Trudeau first took office. During a speech before the policy think-tank C.D. Howe Institute last June, he said the federal government was more focused on finding ways to redistribute wealth than on the country’s overall prosperity.
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