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

First Majestic Q1 Earnings: A Bang Up Quarter

Copper’s Structural Shortage May Be Here to Stay | Colin Joudrie – Selkirk Copper

Why Barrick’s “Strong” Quarter Wasn’t So Strong | Q1 2026 Earnings

Recommended

Questcorp Wraps Expanded Drone Survey at La Union as Summer Drilling Approaches

Altamira Gold Extends Maria Bonita Footprint with 110 Metre Step-Out

Related News

US Manufacturing Orders Drop by Record Amount Amid Coronavirus Pandemic

The coronavirus has caused significant disruptions across the US, shattering vital supply chains and reducing...

Tuesday, May 5, 2020, 06:03:00 PM

UN Suggests at Least $1 Trillion in Debt Forgiveness Needed for Developing Countries Amid Pandemic

The United Nations recently issued a statement regarding the fight against COVID-19 in developing countries....

Monday, April 27, 2020, 11:05:18 PM

Petition to Get Rid of Prime Minister Justin Trudeau May Be the Largest Online Petition Ever in Canada — But Can It Succeed?

A groundswell of discontent is sweeping across Canada as citizens express their frustration with Prime...

Wednesday, December 13, 2023, 12:10:00 PM

Canadian Real Estate Funds Lock $22 Billion as Housing Market Slumps

Private real estate funds have trapped nearly $30 billion in investor capital across Canada, blocking...

Wednesday, January 14, 2026, 11:23:00 AM

Deutsche Bank Proposes 5% ‘Privilege’ Tax on Those Choosing to Work From Home

The coronavirus pandemic has caused significant shifts in the typical office environment, as many employees...

Saturday, November 14, 2020, 04:03:00 PM