Canada is allocating $ 12 billion to expand key pandemic support in the household newspaper
© Reuters. FILE PHOTO: FILE PHOTO: Canadian flag flies in front of the Peace Tower on Parliament Hill in Ottawa
OTTAWA (Reuters) – Canada will allocate CAD 12 billion ($ 9.6 billion) to extend its key pandemic support measures in a budget to be presented on Monday, the Toronto Star reported, as much of the country is against a virulent third wave of COVID is fighting. 19 infections.
The emergency wage subsidy and the emergency rent subsidy, which are due to expire in June, will be extended until the end of September, the star reported on Sunday.
Separately, the government will set up the Canada Recovery Hiring Program in June to help companies dependent on the wage subsidy focus on hiring again, the newspaper said.
The Treasury Department declined to approve or comment on the report. Environment Secretary Jonathan Wilkinson told Canadian Broadcasting Corp on Sunday that the government’s pandemic support would last as long as necessary.
“If Canadians need this support and the pandemic continues, the government will surely have its back,” Wilkinson said.
Wilkinson also confirmed that the budget would be “ambitious” and that the government would “invest in jobs and growth to rebuild this economy”, although he also said there would be “fiscal guard rails” to keep spending on one to bring “sustainable way”.
Treasury Secretary Chrystia Freeland is due to present the country’s first budget in two years on Monday after promising up to $ 100 billion in incentives in November over a three-year period to fuel an economic recovery in an expected election year.
Canada has stepped up its vaccination campaign, but still vaccinated a lower percentage of its population than dozens of other countries, including the US and the UK.
Amid a soaring third wave of infections, Ontario, Canada’s most populous province, announced new public health restrictions on Friday, including closing provincial borders to domestic travelers.
($ 1 = 1.2501 Canadian dollars)
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