Nearly 5.4 million receiving emergency federal aid as requests climb

The figures this morning show 5.38 million applications have been processed since March 15, a figure that includes people who were previously on employment insurance before being moved over to the Canada Emergency Response Benefit.

And more federal aid from a 75-per-cent wage subsidy program, approved by Parliament on Saturday, will be available by early May. When the government is able to pay the subsidy to eligible businesses, Poilievre is proposing that companies take the first tranche to pay off the increased loans. A handful of Conservative critics say in a statement this morning that the government must give these businesses the tools to open their doors again, and to retain workers through the pandemic, especially in areas with historically high unemployment.

what happens when it is up and we are not back to work...hopefully there is a plan ...just in case fund..but thank you for helping all of us..Cindy Marie Kay

Our deficate will be huge

Good to see the Feds made some financial assistance available, some provincial governments seem to have offloaded a lot of economic aid in that direction.

We will pay it back through taxes for the rest of our life. We know it’s not free money. And we know the cost is taking the $2000 perking is way more than the $2000 itself. Maybe the gov implemented a good strategy to patch the hole, but it’s not free money.

Canada Latest News, Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

OPEC, oil nations agree to nearly 10M barrel cut amid virusOPEC, Russia and other oil-producing nations on Sunday finalized an unprecedented production cut of nearly 10 million barrels, or a tenth of global supply, in hopes of boosting crashing prices amid the coronavirus pandemic and a price war, officials said. So, Alberta will be fine, eh ? This number keeps increasing ?! Who believes them .
Source: CTVNews - 🏆 1. / 99 Read more »

City to open two new emergency child care centres after receiving more than 800 applicationsThe City of Toronto has announced plans to open two new emergency child care centres after receiving more than 800 applications for the first four facilities.
Source: CP24 - 🏆 30. / 67 Read more »

Canadian bioscience firm says it's approved for production of rapid COVID-19 testing deviceA Canadian bioscience firm has received federal approval for production and distribution of a device it claims can produce COVID-19 test results in less than an hour. For US use only currently ... NOT approved for use here. Finally. Cha ching
Source: CTVNews - 🏆 1. / 99 Read more »

British Columbians urged to avoid Easter travel as COVID-19 death toll climbsDr. Bonnie Henry’s plea comes after communities along the province’s Sunshine Coast told travellers to not visit We need to back to normal, there is no curve in BC to flatten
Source: globeandmail - 🏆 5. / 92 Read more »