Trudeau unveils $82B COVID-19 emergency response package for Canadians, businesses | CBC News
Prime Minister Justin Trudeau has announced a massive
$82-billion aid package to help Canadians and businesses cope with
the global COVID-19 pandemic, including income supports, wage subsidies
and tax deferrals.
$82-billion aid package to help Canadians and businesses cope with
the global COVID-19 pandemic, including income supports, wage subsidies
and tax deferrals.
The package includes $27 billion in direct supports and another $55 billion to help business liquidity through tax deferrals.
Combined,
the package represents more than three per cent of Canada’s GDP.
Trudeau said the deep spending will not drive the country into
recession, insisting “prudent” decisions made over the last five years
have put Canada on a strong economic footing to weather the crisis.
“We will be able to make sure our economy gets back up to speed very quickly,” he said.