The federal government is offering an additional $14 billion to the provincial and territorial governments in an effort to help restart economies amid COVID-19, Prime Minister Justin Trudeau announced on Friday.
Trudeau stated that this is part of the federal government’s plan for restoring economic activity across the country.
According to the Prime Minister, he is committing $14 billion in support on Thursday during a virtual meeting with the provincial and territorial leaders.
The additional funds will go towards covering things like protective equipment for health workers, support for strapped municipalities, paid sick leave and other necessary aid for schools and seniors.
Despite the fact that more Canadians are getting back into working roles and no longer in need of supports such as the Canada Emergency Response Benefit, Trudeau noted that Canada is still a long way off from fully recovering from COVID-19 and its effects on the economy.
“To really move forward, we need a Canada-wide plan on safely and effectively restarting the economy,” said Trudeau during his daily address on Friday.
“Having the right approach and the right resources to back it up will determine where we are not just in the coming weeks, but into the fall and winter. Canadians have sacrificed too much over the past couple of months to lose the progress we’ve made.”
He added that although the support is being offered nationally, local situations vary and provincial and territorial governments will have a more clear idea of what is needed for them specifically.
The $14 billion will be distributed depending on reaching what Trudeau called a “safe-restart agreement” between the federal government and each province or territory.
More details are expected in the coming days.