Covid Assistance from Canadian Government

In 2020 and 2021, The Canadian government handed out about 250 billion dollars of helicopter money to the economy, mostly from the federal government. Slightly more than half of that money went to workers.

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The amount of covid assistance received by businesses was 3% of GDP in 2020. The question I am researching on is how many businesses have survived and grown because of that money.

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Shutao Cao
Shutao Cao
Associate Professor of Economics

Research in macroeconomics