Thursday, 29 Jul 2021

Coronavirus: premiers say billions more needed from feds on top of $11B already secured

Prime Minister Justin Trudeau got thanks from Canada’s premiers Friday for $11-billion in federal funding to confront the health and economic impact of the rapidly spreading novel coronavirus — but heard that much more will be needed to weather the crisis.

Trudeau, who is in self-isolation after his wife tested positive for COVID-19, held a 90-minute conference call with provincial and territorial leaders.

That was instead of the in-person, daylong meeting that had originally been planned.

While the first ministers were speaking over the phone, Finance Minister Bill Morneau publicly announced that the federal government is making $10 billion available to businesses through a credit facility program.

That’s on top of the $1 billion announced earlier this week for provincial health care systems, research, protective equipment, support for workers and businesses and economic stabilization.

Several premiers welcomed the steps, but said there will need to be more.

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