Ottawa to soon detail fiscal response to COVID-19 economic shock
Finance Minister Bill Morneau is expected to soon announce the federal government's plan to help workers affected by COVID-19.
Prime Minister Justin Trudeau said Monday that the details of the spending package would arrive imminently, with measures rolling out in the coming days to buffer the economy from the sudden shock of the novel coronavirus pandemic.
He also suggested that more measures may have to be taken in the long term to help restore consumer and business confidence.
A number of moves have been debated, such as temporarily boosting the value of the Canada Child Benefit and providing grants to workers who don't qualify for employment insurance, such as gig economy workers.
The federal government has also said it is closing its borders, effective Wednesday, to most foreign nationals except Americans and is barring anyone, including Canadian citizens, with symptoms of the novel coronavirus from boarding flights back home.
Calgary-based airline WestJet announced late Monday it was suspending all commercial international and transborder flights for a 30-day period, refocusing its efforts on repatriation flights for Canadians stuck abroad.
- Halton police ramp up COVID-19 compliance enforcement with new powers
- Halton reports another 15 newly confirmed cases of COVID-19
- Anyone caught violating the EMCPA will be fined between $750 and $1,000
- Charges laid after non-essential Oakville business found to still be operating
- Will COVID-19 affect Halton house prices?
- WestJet to temporarily suspend all international and transborder flights
- Morneau to unveil $20 billion or more to cushion financial shock of COVID-19
- Federal government working with airlines and foreign governments to bring Canadians home
- Direct financial help coming for Canadians affected by COVID-19, Trudeau says
- Federal government to provide $2000 a month to workers impacted by COVID-19