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

Silver47 Kicks Off 7,000-Meter Drill Campaign at Nevada’s Hughes Project

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

Related News

Trudeau Looks to Fight Cost of Living Crisis with ‘Grocery Rebate’

A senior government official told CBC News that the federal budget that will be unveiled...

Monday, March 27, 2023, 02:14:00 PM

‘I Don’t Shut Up’: Tempers Flare Between Smith and Carney

Prime Minister Mark Carney and Alberta Premier Danielle Smith traded barbs this week after Carney...

Tuesday, April 8, 2025, 12:47:00 PM

Justin Trudeau Unveils Additional COVID-19 Commercial Rent Relief, Expanded Forgivable Loan Program

Canada’s federal government today unveiled several COVID-19 stimulus measures to help further the economic recovery...

Friday, October 9, 2020, 03:25:59 PM

Canadian Rental Market Hits Record Low Vacancy Rates

In a recently released Rental Market Report (RMR), the Canada Mortgage and Housing Corporation (CMHC)...

Thursday, February 1, 2024, 10:03:27 AM

US Loses Another 3.8M Jobs Last week; Nearly 30M in 6 Weeks.

This morning the Department of Labor released the initial jobless claims data for the week...

Thursday, April 30, 2020, 10:52:51 AM