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Coronavirus: COVID-19 and the Canadian economy, one year later
COVID-19 will take years, if not decades, to ascertain. But now, a year after the pandemic forced all Canadians inside their homes for the first time, we know not every Canadian was dealt the same hand.“I think one thing: regardless of how you fared during COVID, it threw a stick of dynamite on everyone’s finances,” says financial expert Kelly Keehn.Keehn says Canadians can be divided into two groups. The first are those that used government programs like the Canadian Emergency Response Benefit (CERB) to pay their bills and continue to struggle making ends meet in a tough economy. The second are full-time workers with benefits who put off spending money on vacations and are now sitting on extra cash.“That camp over there that has some