PaycheckGuru

Canada isn’t alone in its spending spree: The International Monetary Fund estimates governments around the world have doled out $12 trillion to minimize the economic damage from restrictions in place to halt transmission of Covid-19. Canada’s virus-related spending, the bulk of which originates with the federal government, has totaled about 382 billion Canadian dollars, the equivalent of $294 billion, and accounts for roughly 19% of Canada’s total economic output.