Former PM Chretien on inflation concerns, current affairs
CTV
Former prime minister Jean Chretien says he is concerned about the future of Canada's economy, with inflation at a near 20-year high, saying in a wide-ranging interview with Evan Solomon, host of CTV's Question Period, that Canada is 'moving into a dark alley.'
In an interview with Evan Solomon, host of CTV’s Question Period, Chretien said that while he thinks the federal government “had no choice” when it came to going deep into deficit to respond to the COVID-19 crisis, there “will be difficult circumstances coming.”
“We’re printing money like crazy,” he said. Asked if that worried him, he said “yes.”
“We’re moving into a dark alley, but we’ll have to go to the end of the alley.”
Speaking about inflation concerns—the annual rate hit 4.4 per cent last month— Chretien reflected on his own experience dealing with economic challenges as prime minister.
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