I have no opinion on whether it is appropriate or not.
I can reiterate what I previously said. In its fall economic update, the government said it would use $70 billion to $100 billion to stimulate the economy and help it recover to ensure that labour market indicators would return to their pre-pandemic levels.
As I have said several times, even without that kind of economic stimulus, forecasters—us included—predict that most labour market indicators will return to their pre-pandemic levels by late 2021 or early 2022. That is why I said that the chosen moment and amount may have been poorly evaluated—in other words, this could be too little money too late—if the objective is solely to return to the pre-pandemic labour market indicators.
What is more, some think that the economic impact of those amounts may have been overestimated in last week's budget. That is what we will try to estimate over the coming days and weeks to determine the positive economic impact of those economic stimulus measures. The government may have been overly optimistic when estimating the impact of those measures on employment and GDP.
Mr. Matier and Mr. Shaw are currently working on this to get a clearer picture. We will have to appear before the committee again to tell you about the more detailed estimate of the specific impact of those measures on GDP and employment.