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

Higher Gold Prices Are Changing What Counts as a Real Discovery | Mike Bennett – Altamira Gold

Why Silver Still Hasn’t Seen the Real Mania | Craig Hemke

Why Copper Needs a Much Higher Price to Fix the Supply Problem | Greg Ferron – PTX Metals

Recommended

First Phosphate Lifts Bégin-Lamarche Indicated Tonnage by 378% In Latest Resource Update

Higher Gold Prices Are Changing What Counts as a Real Discovery | Mike Bennett – Altamira Gold

Related News

Canada’s Trade Surplus Slumps to $778 Million in July Amid Influx of Car Imports

Canada’s trade surplus narrowed in July, as imports soared to a new record-high, significantly outpacing...

Friday, September 3, 2021, 11:41:00 AM

Taxpayers Lend $500M to Struggling Algoma Steel, Get Nothing in Return

Algoma Steel (Nasdaq: ASTL) announced Monday it had secured $400 million from Ottawa and $100...

Tuesday, September 30, 2025, 03:40:00 PM

RCMP Is Looking For Informants, Possible Victims Related To Chinese ‘Police Service Stations’ In Toronto

The Royal Canadian Mounted Police (RCMP) announced on Tuesday that they are investigating Chinese ‘police...

Wednesday, November 23, 2022, 11:47:00 AM

US 10-Year Treasury Soars to 14-Month High Ahead of Biden’s Infrastructure Plan Unveiling

The yield on the 10-year US Treasury hit a 14-month high on Tuesday, as investors...

Wednesday, March 31, 2021, 10:31:00 AM

73 Days, 5 Bills: Canada’s Parliament Records Fewest Sitting Days Since 1937

Canada’s House of Commons completed one of its least productive years on record in 2025,...

Friday, December 26, 2025, 03:37:00 PM