Prime Minister Justin Trudeau says the federal government is looking at ways to help vulnerable Canadians as well as small businesses and workers cover their bills should their lives be upended by COVID-19. (The Canadian Press)

Direct financial help coming for Canadians affected by COVID-19, Trudeau says

He says help would be targeted to vulnerable Canadians

Prime Minister Justin Trudeau says the federal government is looking at ways to get money directly into the pockets of Canadians so they can cover their bills should their lives be upended by COVID-19.

He says help would be targeted to vulnerable Canadians, as well as help to small businesses and workers who see disruptions in their earnings.

The heft of the stimulus package will likely come out this afternoon when Finance Minister Bill Morneau addresses reporters.

Trudeau says the government’s focus is on ensuring that Canadians have the resources and money they need to not have to stress about rent and groceries if they can’t go to work.

ALSO READ: Trudeau promises $1 billion for COVID-19 research, resilience

Private-sector economists warn that Canada is heading into a recession because of the economic shock of COVID-19, which may only be avoided with hefty stimulus spending from the federal government — as much as $20 billion, or roughly one per cent of GDP.

In an interview Friday, parliamentary budget officer Yves Giroux said the novel coronavirus has made the short-term economic picture far bleaker than it was just a few weeks ago, especially when coupled with a sudden drop in oil prices.

The Liberals had promised to deliver a budget on March 30, but the House of Commons has now agreed not to sit until late April to prevent the spread of the novel coronavirus disease.

The government needs to reassure the workers and businesses with concrete measures that even if not announced are at least promised to avoid steep losses and address the uncertainty that is roiling the economy, Giroux said.

ALSO READ: Sophie Gregoire Trudeau tests positive for COVID-19 — PMO

“The magnitude of these support measures are very hard to tell,” he said. A package of $20 billion isn’t “unreasonable,” Giroux added: “It depends on what the government wants to shield the economy from.”

In a separate report, Giroux’s office estimated that last month’s rail blockades will shave two-tenths of a percentage point off economic growth for the first quarter, with the effects dissipating through the rest of 2020.

The rail blockades sprung up in solidarity with Wet’suwet’en hereditary chiefs in B.C. who oppose a natural-gas pipeline through their traditional territory.

The Canadian Press

Like us on Facebook and follow us on Twitter

Coronavirus

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

Kimberley RCMP warn of illegal u-turns

Construction at the Kimberley Save On Foods Store means customers are putting… Continue reading

COVID-19: Interior Health orders closure of all fitness centres until May 30

The order is subject to revision, cancellation, or extension

Nelson product commits to Cranbrook Bucks

Noah Quinn will make the jump to Jr. A next year with the BCHL’s newest franchise

MP Morrison ‘disappointed’ in six-week delay for wage subsidy support

Kootenay-Columbia MP says small businesses and employees need financial help now

Kimberley Chamber trying to assist businesses

By: Jesse Heinrichs Vagueness around relief options, and unforeseeable closures have local… Continue reading

Trudeau rejects mandatory stay-at-home order for now; COVID deaths up

The virus has now infected more than 10,000 Canadians and cost 130 their lives

B.C. health care workers gain access to virtual health care options

During COVID-19 many clinics have closed, leaving health care workers with nowhere to turn

Tax collectors, auditors to help field ‘historic’ numbers of benefit-seeking callers

‘If you work for CRA, people think we are just there to take money from your pockets.’

Cowichan couple won’t self-isolate after returning from overseas

New law requires 14 days of self-isolation when returning to Canada

Family uses social media to help truckers find places to eat during pandemic

Restaurants Serving Drivers in Western Canada seeks to provide a list of places open for drivers

Advocates sound alarm over COVID-19 limiting access to contraceptives, abortion

The COVID-19 outbreak has hit sexual-health services from almost every angle

Celebrate Easter in a ‘safe way,’ Dr. Henry urges as B.C records 6 new COVID-19 deaths

Top doctor urges British Columbians to halt non-essential travel within the province

B.C. health officer says homemade masks may prevent spread of COVID-19 to others

Practising physical distancing, frequent hand washing and resisting touching your face are proven methods

Most Read