Prime Minister Justin Trudeau holds a press conference at Rideau Cottage during the COVID-19 pandemic in Ottawa on Thursday, May 7, 2020. THE CANADIAN PRESS/Sean Kilpatrick
Students and recent graduates will be able to apply for financial relief from the federal government on Friday.
The Canada Emergency Student Benefit will provide students $1,250 per month for up to four months, with an extra $750 for students with disabilities or dependents.
Prime Minister Justin Trudeau says students should preemptively create an account with the Canada Revenue Agency.
The federal government is launching the regional relief recovery fund for businesses that don't qualify for other federal relief programs during the COVID-19 crisis.
Several weeks ago, the government announced almost $1 billion is being delivered through regional development agencies.
The program is being administered by six regional development agencies across the country.