Trudeau commits $14 billion to support provinces with reopening

Shruti ShekarTelecom & Tech Reporter
Yahoo Finance Canada
ASSOCIATED PRESS
ASSOCIATED PRESS

Prime Minister Justin Trudeau announced Friday that the federal government will commit $14 billion to provinces to help with the reopening of services and businesses. 

“We know that the provinces and territories are under a lot of pressure right now, and are facing real financial challenges because of this pandemic and we want to help as much as possible,” Trudeau said during his daily press briefing. 

Scroll to continue with content
Ad

“I brought our government’s commitment to the table… As you go back to work, we want to make sure you are protected, wherever you are.”

Trudeau said those protective measures include more personal protective equipment (PPE) for healthcare workers and offering more childcare options for parents. 

“The federal government would provide the funds needed to make this happen,” Trudeau said. “And we’re talking about support for cities and municipalities so that when Canadians get back to work, they can count on services they need like public transit and community programs.”

Trudeau said that the money for provinces will be targeted transfers, adding that Canadians must feel safe if a second wave of COVID-19 hits the country. 

“In order to reopen the economy, we have a very clear idea and have shared… the essential conditions for that safe reopening so this money will be there to ensure that all Canadians whatever their jurisdiction or wherever they’re living, will have whatever they need so they can reopen,” he said. 

Download the Yahoo Finance app, available for Apple and Android and sign up for the Yahoo Finance Canada Weekly Brief. 

What to read next