Quebec braces for economic volatility, says it can send Ukraine 'material support,' accept refugees
CTV
'Quebec companies that are dependent on Ukraine or Russia... we will help them,' said Quebec's economy minister. The foreign relations minister said the province stands ready to send help to the invaded country.
If a war with Russia continues, it will increase pressure on the markets, create more inflation, and reduce economic growth, he explained Thursday.
The budget he plans to present on March 22 will therefore contain a reserve to counter the possible economic effects of the Russian-Ukrainian conflict.
"To the extent that there is more uncertainty, it may be necessary to have larger reserves," said Girard in a press scrum at the National Assembly.
Liberal finance critic Carlos Leitao had just called on the minister to rewrite part of his budget and set aside "a few billion dollars."
