Ontario has released the modelling and projection data it has been using to inform its response to COVID-19. Key takeaways from Ontario’s health officials include: If no intervention had occurred, 300,000 cases and 6,000 deaths were projected by April 30 and 100,000 deaths projected over the course of
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As April begins, more details were released on the federal government’s largest-ever economic program – the running tally for all recovery measures now exceeds $255 billion. Direct supports to Canadians now top $105 billion, with the lion’s share of that spend through two key mechanisms: $71 billion
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Premier Doug Ford and the Minister of Economic Development, Job Creation and Trade Vic Fedeli issued a further call to action for businesses, organizations, and communities to redeploy capacity to manufacture essential medical supplies and equipment to help the province combat COVID-19. To support this, the province
Read more →Alberta Premier Jason Kenney announced an investment to accelerate the construction of the Keystone XL pipeline. The province’s investment includes $1.5 billion in equity in 2020 and a $6 billion loan guarantee in 2021, enabling immediate construction on the Alberta portion of the pipeline. The project is
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By Michael Fenn Municipalities need new financial tools to get through COVID-19. Across the Canadian economy, governments are giving businesses – large and small – the lifeline of increased liquidity and credit, in order to avoid widespread business failures, large-scale layoffs, and discontinuation of contracts to small
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With Ontario’s Chief Medical Officer recommending stronger updated guidelines for vulnerable individuals to stay home and self-isolate, Premier Ford confirmed that the province will be extending its state of emergency declaration for another 14 days (it is set to expire on March 31st). The Ontario Legislature is
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Prime Minister Justin Trudeau announced the broad eligibility requirements for the Canada Emergency Wage Subsidy: Businesses will be eligible if their revenues have decreased by at least 30 per cent due to COVID-19 The wage subsidy will be available to non-profit organizations and charities, as well as
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Prime Minister Justin Trudeau announced additional supports to Canadian businesses and workers under the COVID-19 Economic Response Plan, providing up to an additional $65 billion in direct support, and an additional $30 billion in deferred taxes and duties. The federal government will be increasing the small business
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After negotiations between the government and opposition parties all day Tuesday and into the early hours of Wednesday, both the House of Commons and Senate have passed the Trudeau government’s emergency financial legislation, Bill C-13, the COVID-19 Emergency Response Act (CERA). Governor General Julie Payette gave the
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Ontario’s Action Plan 2020: Responding to COVID-19 During an emergency session of the legislature, Ontario Finance Minister Rod Phillips announced sweeping investments in response to the COVID-19 pandemic as part of his March 2020 Economic and Fiscal Update. Much of it is aimed at getting money into
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