Tuesday, 14 July, 2020

Trudeau, G20 leaders to confer on international response to COVID-19 pandemic

Parliament Hill is seen without any visitors in Ottawa Parliament Hill is seen without any visitors in Ottawa
Deanna Wagner | 26 March, 2020, 16:31

Canada's oil and gas sector has also taken a sharp downturn as the price of oil plummeted, from about $35.82 for a barrel of Western Canadian Select in January to just $5.43 last week.

There has been a two-stage departure of non-essential Canadian staff and their family members from missions overseas.

We know people are anxious about their health, their jobs and their financial situations. "Trudeau explained that this latter category would help businesses keep their employees,".as they navigate these hard times, while ensuring they preserve the ability to quickly resume operations as soon as it becomes possible".

Morneau said the new, combined benefit should be simpler to administer and get to workers with a target delivery date of April 6.

This taxable benefit would provide $2,000 a month for up to four months for workers who lose their income as a result of the COVID-19 pandemic.

The government is looking at ways to help people bridge the gap between their last paycheck and the emergency response benefit, such as through credit, said Trudeau, as well as more direct help for businesses, such as examining models used in countries like Germany and Denmark.

He said the previously announced measures - which included two main benefits, one expanding Employment Insurance and the other for those who don't qualify for EI - have been replaced by one scheme.

"The hard truth is that people are out of work because of this crisis and anxious about what comes next".

COVID-19: Total of 617 cases in BC; 13 deaths
There are half a million rental homes in B.C. but the Premier could not say how many households may need assistance. The World Health Organization said more than 80 per cent of COVID-19 infections are estimated to be mild.

The EI system was not created to process the unprecedentedly high volume of applications received in the past week.

Canadians who apply for the aid package will receive their money within ten days.

Albertans affected by COVID-19 are also able to apply for emergency financial aid of up to $1,146.

Supports Canadian businesses through the Business Development Bank of Canada (BDC) by temporarily providing the Minister of Finance with more flexibility to determine BDC's capital limit, allowing it to provide further financial support to Canadian businesses when they need it.

"If you lost your job due to COVID-19, whether you're full-time, part-time, contract or self-employed, this new benefit will be there for you".

"We haven't got the (program) money so we don't actually have this cash to operate our businesses (and) until we get that, we're screwed", Cox continued.

Workers eligible for the package are those whose income drops to zero because of the pandemic, including if they have been furloughed by their employers but technically still have jobs. The CERB would be paid every four weeks and be available from March 15, 2020 until October 3, 2020.