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

The Gold Trade Is Shifting From Margins to Growth | Geordie Mark – Blue Jay Gold

CopAur Minerals – This PEA Has A Mine Life of What?!

Ontario’s Fast Track to Silver Production Is Starting to Matter | Frank Basa – Nord Precious Metals

Recommended

Antimony Resources Trenching at Bald Hill Averages 19.5% Antimony, Peaks at 44.2%

Amid CBS Shuffle, Is Joe Rogan Replacing Anderson Cooper On 60 Minutes?

Related News

Canada Positioned to Fill Europe’s Natural Gas Gap as Russian Imports End

Canada is positioning itself as a key liquefied natural gas exporter as Europe’s push to...

Monday, July 7, 2025, 12:50:00 PM

Canadian GDP Stalls in December Following New Lockdowns

Canada’s GDP showed signs of slowing down at the end of 2021, as a new...

Tuesday, February 1, 2022, 12:43:00 PM

Event Horizon: Bond ETFs on the Edge of the COVID Credit Crunch

Y’all want to see a chart? This one looks like a chart of the output...

Friday, March 27, 2020, 08:34:56 AM

Nearly 6.7 Million American Households at Risk of Eviction Once Unemployment Benefits, Eviction Moratoriums Expire

Despite the continued increase in coronavirus cases across the US and many Americans still unemployed,...

Friday, July 3, 2020, 07:14:00 PM

The West Needs To Level The Playing Field To Compete With China

Access to the raw materials of the new green economy is increasingly a high-stakes chess...

Thursday, May 6, 2021, 11:41:00 AM