Winnipeg Free Press
These days no one should need convincing that our economic well-being can be affected by unexpected shocks.
Sometimes these shocks are due to big events, such as the coronavirus pandemic or the great recession in 2008. Sometimes they are due to changes in personal circumstances, such as illness, job loss or the death of a provider.
Individuals can try to plan, but many Canadians are financially strapped at the best of times and do not have the financial margin necessary to support strategies for weathering economic shocks.
After all, as of 2017, the latest year for which data are available, 5,869,110 Canadians lived in poverty (census family low-income measure, after tax).Read more