Trudeau promises $82B in economic supports in COVID-19 fight
Posted March 18, 2020 8:54 am.
Last Updated March 18, 2020 9:29 am.
OTTAWA – Prime Minister Justin Trudeau says the federal government will spend up to $82 billion on measures to support the Canadian economy through the COVID-19 pandemic.
The money will come through a combination of direct supports for workers and businesses.
The economic package also includes $55 billion in tax deferrals for business.
Here is a bit of a breakdown of the financial aid measures and their costs. The list is from the PMO #cdnpoli pic.twitter.com/ZCZGPiXhxX
— Cormac Mac Sweeney (@cmaconthehill) March 18, 2020
Other measures include a $1.9 billion boost to the Canada Child Benefit and $5.5 billion to enhance GST credits.
The government will also double the funding for a federal homeless initiative and provide $50 million for women’s shelters.
More to come.
