Sunday, March 22, 2026

Latest

Provinces Reach Deal with Federal Government Over $19 Billion Safe Restart Agreement

Provincial and territorial governments have come a deal with the federal government, and as a result will be receiving billions of dollars in transfers in order to safely continue reopening vital services during the coronavirus pandemic.

According to Prime Minister Justin Trudeau, Canada’s federal government has agreed to contribute a total of $19 billion under the Safe Restart Agreement. The funds will be distributed according to population sizes, and will help provinces with various expenses including child care, health care including mental health resources, aiding vulnerable populations, funding personal protective equipment, as well as public transit. Moreover, provinces can allocate portions of the funds towards helping their respective municipal governments with surging expenses amid declining revenues.

The Safe Restart Agreement also includes a sick leave provision, which will provide up to 10 days of paid sick leave in order to deter those working in hazardous conditions from coming to work ill. However, some provincial governments argued that the funds should not come attached with conditions, and instead allow provinces to allocate the money as they see fit. Nonetheless, Justin Trudeau outlined several priority areas that need to be addressed with the $19 billion, such as increased coronavirus testing and support for vulnerable people.

However, the Safe Restart Agreement does not include a provision for public education, given that it is overseen by provincial governments. With a new school year approaching in the fall, many parents are becoming increasingly worried if their children will be able to physically attend school.

Information for this briefing was found via Bloomberg. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Why the Market May Be Misreading Iran | David Woo

Why US Fertilizer Supply Could Matter a Lot More Now | Pat Varas – Sage Potash

Roscan Gold: Mali Discount Hits Kandiole PEA

Recommended

CBS News Cuts Staff and Shuts Radio Network in Early Bari Weiss Era

Steadright Closes Out Financing, Raising $1.6 Million For Moroccan Strategy

Related News

Canada, Brazil Launch AI Nickel Exploration Partnership At PDAC 2026

Canada and Brazil have launched a joint, AI-enabled exploration research effort designed to identify areas...

Thursday, March 5, 2026, 12:08:00 PM

CBO Forecasts Lower Budget Deficit in 2021 – But Calculations Exclude Biden’s Proposed $1.9 Trillion Stimulus

The latest economic outlook published by the Congressional Budget Office calculates that the US federal...

Saturday, February 13, 2021, 11:51:00 AM

Dispute Over US-Canada Border Program Remains Unsolved

A dispute between the United States and Canada over NEXUS, the two countries’ long-standing trusted-traveler...

Thursday, November 3, 2022, 11:32:00 AM

Canada’s Inflation Rate Suddenly Increases to 0.7% in October as Shelter Costs Accelerate

It appears that inflation levels in Canada surprisingly surpassed expectations for the month of October,...

Wednesday, November 18, 2020, 03:31:00 PM

Canada’s Labour Market Recovery Falls Short of Expectations in July

Canada’s economy continued its rebound in July amid strong vaccination efforts, but the latest labour...

Sunday, August 8, 2021, 11:02:00 AM