Trudeau says Ottawa, provinces in talks to reopen economy in stages

Prime Minister Justin Trudeau looks on before a news conference at Rideau Cottage.
Blair Gable/Reuters

Date Published: April 14, 2020

Source: The Globe and Mail

Prime Minister Justin Trudeau has announced that it will take many weeks for the economy to return to normal, but the government is continuing to create financial relief packages for businesses and individuals affected by the COVID-19 pandemic. Today, the Prime Minister reported that the federal government has pledged $130 million for northern communities struggling with COVID-19, including $72 million to the territories. The Prime Minister is also planning to soon discuss measures that will specifically help those in the tourism, aviation, and oil and gas sectors, as Conservative Leader Andrew Scheer notes that provinces with large oil and gas industries such as Alberta, Saskatchewan, and B.C. have been particularly affected. The Canadian Federation of Independent Business also notes that 20% of small businesses are unable to qualify for the Canada Emergency Business Account (CEBA) interest-free loans due to the requirement that they have between $50,000 and $1 million in annual payroll.

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Summary by: Helen Genis