Justin Trudeau gives C$1.1bn for economy ahead of Covid-19 spread
The Canadian prime minister is prepared to use federal financing agencies to stimulate the economy if needed
Ottawa — Canadian Prime Minister Justin Trudeau has announced C$1.1bn ($800,000) in new financial measures to help mitigate the effects of the widening coronavirus outbreak in Canada, adding that he’s prepared to use federal financing agencies to stimulate the economy further if needed.
Trudeau said on Wednesday that the immediate plan includes providing faster unemployment insurance benefits to people who self-isolate, more funding for coronavirus research, and financial assistance to provinces for medical supplies. If credit conditions tighten, the government will use the Business Development Bank of Canada and Export Development Canada to help provide funding to businesses...
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