This translation has been automatically generated and has not been verified for accuracy.Finance Minister Bill Morneau is being urged to build a financial bridge for businesses and Canadians impacted by the coronavirus in a major economic package that is currently scheduled for Wednesday.
“First off we need to try to make sure that we can deliver health services that need to be delivered over this period. That’s provincial responsibility but not all provinces, including Ontario, are in all that good shape,” Mr. Dodge said. “It is far more important for the government of Canada to borrow the money to finance some expansion in those services.”
Mr. Dodge said the government made the right decision to drop the waiting times for employment insurance and to make it more flexible but Ottawa needs to put together a temporary package for people in the gig economy and in the service industry who are self-employed and not able to collect EI benefits.
“What I am really expecting is some further extension of what they have already done. For small businesses, the main thing is that they are going to need credit. That’s fundamental and for major suppliers, the government may have to go in and be either a direct lender or more importantly a direct guarantor,” he said.
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