Prime Minister Justin Trudeau addressed the nation this morning, outlining an $82-billion plan to help battle the economic fallout caused by COVID-19. Trudeau says $27-billion is earmarked directly for payments to people.
“We’ve announced $27-billion in direct support to Canadian workers and business plus $55-billion to meet liquidity needs for businesses and households to help stabilize the economy through tax deferrals. Economic measures will ensure our economy rebounds after this,” says Trudeau.
He added that there’s money being made available to business too including wage subsidy. “I want to turn to additional measures for business. Export Development Canada will provide support to Canadian companies affected by the global situation. For farmers and primary food producers we will boost FCC. We know some sectors of the economy are more vulnerable to COVID-19.In the coming days we will be looking at ways we can support them all.”
The PM made the comments this morning. Details of the plan can be found here.
