Inside memo reassured Trudeau that virus’s financial hit could be ‘manageable’

Inside memo reassured Trudeau that virus’s financial hit could be ‘manageable’

The doc stated authorities officers analyzed the potential financial harm of Covid-19 by utilizing the 2003 SARS outbreak as a foundation for his

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The doc stated authorities officers analyzed the potential financial harm of Covid-19 by utilizing the 2003 SARS outbreak as a foundation for his or her projections.

“The Division of Finance concludes that financial impacts in Canada might be considerably bigger than in 2003, however would nonetheless be manageable and would reverse shortly,” stated the two-page memo signed by Privy Council clerk Ian Shugart, Canada’s prime civil servant.

In concluding, Shugart famous a lot was nonetheless unknown concerning the virus.

“Nonetheless, the course of the outbreak continues to be unsure and the financial impacts might be extra important if the outbreak extends to the second quarter of 2020,” stated the memo, which added it will maintain Trudeau knowledgeable of latest developments together with if the outbreak proved to be extra extreme than anticipated.

The knowledge within the memo surfaces amid recent questions round how a lot President Donald Trump knew about Covid-19 within the early days of the outbreak and the way a lot was revealed to the general public.

On Feb. 7 — the identical day because the Trudeau briefing observe — Trump informed Bob Woodward of The Washington Submit in an interview that the coronavirus is “more deadly than your, you know, your — even your strenuous flus.”

“That is extra lethal,” Trump stated. “That is 5 per — you already know, that is 5 % versus 1 % and fewer than 1 %, you already know….



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