29.02°C Vancouver

Nov 25, 2021 1:21 AM - The Canadian Press

Narrower aid package is because the economy no longer needs the same broad-based help it once did: Chrystia Freeland

Share On
narrower-aid-package-is-because-the-economy-no-longer-needs-the-same-broad-based-help-it-once-did-chrystia-freeland
The Trudeau Liberals have outlined their latest aid package for an economy recovering from COVID-19. (Photo - Chrystia Freeland/Twitter)

The Trudeau Liberals have outlined their latest aid package for an economy recovering from COVID-19.

They're proposing targeted support to severely affected businesses, locked-down workers, and extra weeks of benefits that expired just days ago.

The legislation introduced in the House of Commons today is one of four bills the government wants MPs to pass before the middle of December ahead of a scheduled winter break.

The Liberals are proposing to send $300 per week to workers who find themselves off the job because of a ``COVID-19-related public health lockdown in their region'' between now and spring of 2022.

Those payments would be retroactive to Oct. 24 when the Liberals let a pandemic-era benefit for the unemployed expire.

The Canada Recovery Benefit's sickness and caregiver benefits would each get revived after expiring this past weekend with two more weeks of eligibility until May 7th.

Wage and rent subsidies for businesses would be more generous andtargeted over that same period to still-hurting tourism, culture and hospitality sectors, as well as a long list of establishments like movie theatres, arcades, casinos and gyms.

All would need to prove a deep and prolonged revenue loss to qualify.

Dan Kelly, president of the Canadian Federation of Independent Business, praises the extended list of eligible companies but says the high bar for revenue losses would leave out too many small businesses.

Latest news

burnaby-rcmp-seek-publics-help-to-identify-suspect-in-sexual-assault-investigation
BCJul 15, 2026

Burnaby RCMP seek public's help to identify suspect in sexual assault investigation

Burnaby RCMP are asking for the public's help as they investigate a reported sexual assault that occurred in the city's Metrotown area last week. According to police, the incident happened at about 11:30 p.m. on July 9 near Royal Oak Avenue and Beresford Street. Investigators said the victim was walking alone when an unidentified man approached her from behind and sexually assaulted her. The suspect fled the area after the victim called 911. Officers searched the neighbourhood but were unable to locate him. Police said a second suspicious incident was reported about 30 minutes later near Beres
BCJul 15, 2026

Two killed, one seriously injured in Vancouver Island helicopter crash

Two people were killed and one person was seriously injured after a helicopter crashed in a remote area of Vancouver Island on Tuesday morning. According to West Coast Helicopters, the crash occurred at approximately 6:15 a.m. in the Loughborough Inlet area, where the aircraft was supporting forestry operations. The company said the victims have been identified as pilot Riley Brown and forestry worker Bobby Novak. The third occupant survived the crash and was taken for medical treatment with serious injuries. Their identity has not been released. The Transportation Safety Board of Canada has t
BCJul 15, 2026

Canfor announces closure of another B.C. mill, about 300 jobs affected

Forestry company Canfor has announced it will permanently close its Northwood pulp mill in Prince George, a decision that is expected to affect approximately 300 employees. According to a company news release, the closure is driven by ongoing financial losses, a shortage of economically viable fibre supply, and continued weakness in global pulp markets. Canfor said an oversupply of pulp and a significant decline in market prices have created sustained challenges for the sector. The company said the Northwood pulp mill will cease operations by the end of the fourth quarter of 2026. The closure
bank-of-canada-holds-key-interest-rate-at-2-25-for-sixth-straight-decision
CanadaJul 15, 2026

Bank of Canada holds key interest rate at 2.25% for sixth straight decision

The Bank of Canada has kept its benchmark interest rate unchanged at 2.25 per cent following its latest monetary policy decision on Wednesday, marking the sixth consecutive announcement with no change to the policy rate. According to the Bank of Canada, the Governing Council, led by Governor Tiff Macklem, decided to maintain the current rate amid ongoing uncertainty surrounding global economic conditions. The central bank cited volatility in global oil prices linked to tensions in the Middle East and continued uncertainty over the Canada–United States–Mexico Agreement (CUSMA) as factors in
punjab-government-likely-to-convene-monsoon-assembly-session-in-early-august
IndiaJul 15, 2026

Punjab government likely to convene Monsoon Assembly session in early August

The Punjab government is expected to convene the Monsoon session of the Punjab Vidhan Sabha during the first week of August, according to information available from government sources. The session is likely to continue for about a week and is expected to conclude before August 15. Chief Minister Bhagwant Mann has begun consultations on the proposed agenda for the session. According to government sources, discussions are underway on the legislative business to be introduced during the sitting. Among the measures that could be taken up is a proposed amendment to the Jagat Jyot Sri Guru Granth Sa

Related News