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World Canada’s new budget sets aside billions in pandemic support

01:55  20 april  2021
01:55  20 april  2021 Source:   aljazeera.com

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Canada will present a budget on Monday with billions of dollars for pandemic recovery measures as COVID-19 infections skyrocket, C billion (.6 billion ) toward national childcare, and new taxes on luxury goods. Liberal Prime Minister Justin Trudeau' s first budget in two years will also set aside C Freeland promised in November up to C0 billion in stimulus over three years to "jump-start" an economic recovery during what is likely to be an election year, and the government so far not backed away from that commitment. read more. Environment Minister Jonathan Wilkinson, speaking to the

OTTAWA (Reuters) - Canada will set aside C billion (.6 billion ) to extend its main pandemic support measures in a budget to be presented on Monday, the Toronto Star reported, as much of the country battles a virulent third wave of COVID-19 infections. The emergency wage subsidy and the emergency Canada has been ramping up its vaccination campaign but still has a smaller percentage of its population inoculated than dozens of other countries, including the United States and Britain. Amid a spiking third wave of infections, Ontario, Canada ' s most populous province, announced new public

Canadian Prime Minister Justin Trudeau’s government has unveiled a new budget that allocates billions of dollars to coronavirus-related support and stimulus measures, as the country struggles to contain a surging third wave of the pandemic.

Chrystia Freeland et al. looking at the camera: Canada's Finance Minister Chrystia Freeland watches Prime Minister Justin Trudeau as she delivers the budget in the House of Commons in Ottawa [Blair Gable/Reuters] © Canada's Finance Minister Chrystia Freeland watches Prime Minister Justin Trudeau as she delivers th... Canada's Finance Minister Chrystia Freeland watches Prime Minister Justin Trudeau as she delivers the budget in the House of Commons in Ottawa [Blair Gable/Reuters]

Speaking in the House of Commons in Ottawa on Monday afternoon, Finance Minister Chrystia Freeland said the budget allocates $80.9bn ($101.4bn Canadian) over three years to help boost the economy.

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OTTAWA (Reuters) – Canada will set aside C billion (.6 billion ) to extend its main pandemic support measures in a budget to be presented on Monday, the Toronto Star reported, as much of the country battles a virulent third wave of COVID-19 infections. Canada has been ramping up its vaccination campaign but still has a smaller percentage of its population inoculated than dozens of other countries, including the United States and Britain. Amid a spiking third wave of infections, Ontario, Canada ’ s most populous province, announced new public health restrictions on Friday, including

Budget 2021 proposes to introduce the new Canada Recovery Hiring Program for eligible employers that continue to experience qualifying declines in revenues relative to before the pandemic . The proposed subsidy would offset a portion of the extra costs employers take on as they reopen, either by increasing wages or hours worked, or hiring more staff. This support would only be available for active employees and will be available from June 6 to November 20, 2021. Eligible employers would claim the higher of the Canada Emergency Wage Subsidy or the new proposed subsidy. The aim is to make it

Of the nearly $39.9bn ($50bn Canadian) in new spending this year, more than half will go to extending coronavirus recovery measures, including wage and rent subsidies, as well as to a new programme to help companies begin hiring workers again.

Another $23.9bn ($30bn Canadian) over five years will help set up a nationwide childcare system in cooperation with Canadian provinces.

Freeland defended the budget price tag, saying Canadians are struggling due to COVID-19 and need support, while promising a return to more restrained spending once the pandemic is under control.

“Some will say our sense of urgency is misplaced. Some will say that we’re spending too much. To them, I say this: Did you lose your job during a COVID lockdown?” she said from the floor of the parliament.

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OTTAWA — Canada will set aside C billion (.6 billion ) to extend its main pandemic support measures in a budget to be presented on Monday, the Toronto Star reported, as much of the country battles a virulent third wave of COVID-19 infections. The emergency wage subsidy and the emergency rent Canada has been ramping up its vaccination campaign but still has a smaller percentage of its population inoculated than dozens of other countries, including the United States and Britain. Amid a spiking third wave of infections, Ontario, Canada ’ s most populous province, announced new public

Canada entered the pandemic in a strong fiscal position relative to other G7 nations after decades of belt-tightening, she said, allowing it to dole out hundreds of billions of dollars in Covid-19 emergency aid. Critics have warned against piling on too much debt, after Ottawa's budget deficit exploded over the Freeland has signaled she would earmark funds for a national childcare program to help women -- who have suffered significant pandemic job losses -- get back to work. Funding is also expected to be set aside for a "green new deal", pinning Canada ' s recovery on renewable energy investments.

“Our country cannot prosper if we leave hundreds of thousands of Canadians behind.”

Canada is experiencing a surging third wave of the pandemic, with healthcare workers in the largest province, Ontario, sounding the alarm over rapidly rising infections and intensive care admissions.

Canada’s deficit for the fiscal year that started on April 1 will be the second largest in recent decades, with the closely watched debt-to-GDP (gross domestic product) ratio hitting 51.2 percent.

Daniel Beland, a professor at McGill University in Montreal and director of the McGill Institute for the Study of Canada, said in a statement that Monday’s budget “is perhaps the most important federal budget in a generation”.

“We have never witnessed a longer gap between two federal budgets since 1867,” he said.

Canada is widely believed to be heading towards a federal election, which could be called later this year, and Beland said the Trudeau government “is likely to use this budget as a key source of pledges for its next electoral platform”.

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OTTAWA (Reuters) - Canada will set aside C billion (.6 billion ) to extend its main pandemic support measures in a budget to be presented on Monday, the Toronto Star reported, as much of the country battles a virulent third wave of COVID-19 infections. Canada has been ramping up its vaccination campaign but still has a smaller percentage of its population inoculated than dozens of other countries, including the United States and Britain. Amid a spiking third wave of infections, Ontario, Canada ' s most populous province, announced new public health restrictions on Friday, including

Canada will set aside C billion (.6 billion ) to extend its main pandemic support measures in a budget to be presented on Monday, the Toronto Star reported, as much of the country battles a virulent third wave of COVID-19 infections.

Before the official announcement, opposition leader Jagmeet Singh, of the left-leaning New Democratic Party, said he hoped to see improved access to paid sick leave, as many workers on the front lines of the COVID-19 crisis are getting sick.

“We know that people are getting sick at work, and we know that workplaces are the highest risks of transmission. Workers are getting sick and bringing that back to their families,” Singh said during a news conference.

He also said the NDP hoped the federal government would use emergency regulations to help Ontario tackle its COVID-19 crisis. Singh released a letter earlier on Monday asking Trudeau to invoke Canada’s Emergencies Act to help distribute vaccines and provide paid time off for workers.

Conservative Party leader Erin O’Toole, for his part, said: “Canadians were expecting a pandemic budget. This is an election budget – and a poor one, at that.”

Speaking to reporters after the budget was released, O’Toole blamed Trudeau for the surging third wave of the pandemic and said the budget will do little to tackle the virus. “Unfortunately, this budget does next to nothing to secure the Canadian economy,” he said.

Canada has offered financial support to Canadian employers to help them pay employee salaries through what it dubbed the Canada Emergency Wage Subsidy, while also providing other direct emergency support for unemployed or under-employed Canadians.

More than 23,600 people have died due to the coronavirus in Canada, according to data from Johns Hopkins University, while at least 1.13 million cases have been reported.

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