Canadians Will Face Economic ‘Collateral Damage’ Over Country’s Actions on Ukraine, Freeland Says

As Canada ramps up sanctions against Russia in recent days in response to its invasion of Ukraine, Deputy Prime Minister Chrystia Freeland acknowledged on March 1 that Canadians could feel some repercussions from the measures. “At the end of the day, if we are truly determined to stand with Ukraine, if the stakes in this fight are as high as I believe them to be, we have to be honest with ourselves, I have to be honest with Canadians, that there could be some collateral damage in Canada,” she said during a press conference in Ottawa. Freeland, who’s also finance minister, said she discussed with other G7 finance ministers earlier that day and they agreed that “in order to be really effective, in order to really have an impact, we are going to have to be prepared for there to be some adverse consequences for own economies.” The minister said …

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