All posts by UW Economics Society

Canada’s Dual Fronts: Navigating Economic Struggles and Foreign Commitments in the Wake of COVID-19 and the Ukrainian-Russian Conflict

Written By: Max Korsunsky

Canada’s response to both the COVID-19 pandemic and the Ukrainian-Russian conflict has shaped its domestic and foreign policy landscape. The aftermath of COVID-19 policies has left Canada grappling with economic challenges such as higher interest rates, lower GDP, and a housing crisis. Concurrently, Russia’s invasion of Ukraine in 2022 has led to one of the most significant geopolitical disasters in recent history. Canada, along with other Western allies, has provided substantial military and financial support to Ukraine in response to Russia’s aggression. This article examines Canada’s role in the conflict, analyzing its funding commitments, including military aid and humanitarian assistance, while considering the economic implications of such allocations. Through a breakdown of pre and post-2022 conflict contexts, as well as a discussion of Canada’s economic struggles post-COVID, this article aims to provide readers with a comprehensive understanding of Canada’s involvement in the Ukrainian-Russian conflict and the impact on both domestic and international fronts.
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