Saturday, June 13, 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

The Canadian Dream Is Leaving Canada | Spencer Gatten

Allied Gold: The Zijin Deal Is On The Rocks

Why Silver’s Drop May Not Mean the Bull Market Is Over | Peter Krauth

Recommended

Silver47 Starts 10,000 Metre Campaign at Flagship Alaska Silver Project

Blue Jay Gold Launches 16,000 Metre Drill Program At Steller

Related News

Canadian Climate Minister Guilbeault Resigns Over Alberta Pipeline Deal

Steven Guilbeault resigned from Prime Minister Mark Carney’s cabinet on Thursday, protesting a federal agreement...

Friday, November 28, 2025, 08:01:38 AM

IMF and World Bank Issue Debt Cancellation Program for Developing Countries Amid Global Pandemic

The International Monetary Fund (IMF), alongside World Bank and G20, has made an unprecedented decision...

Thursday, April 16, 2020, 08:27:00 AM

Yield Stars: The Banks Begin To Post Enticing Yields

The banking sector has largely been slow to join the post-covid recovery, and that’s understandable....

Sunday, October 25, 2020, 09:00:00 AM

Fitch Ratings Anticipating Historic Loan Defaults for April

Since the onset of economic shutdowns across the US, millions of workers have found themselves...

Saturday, April 25, 2020, 12:00:00 PM

Increasing Number of Canadian Small Businesses Struggling to Pay Rent Amid COVID-19 Pandemic

As a result of the coronavirus pandemic economic restrictions, a large portion of Canadian businesses...

Friday, June 5, 2020, 11:09:00 AM