Trudeau, G20 leaders to confer on international response to COVID-19 pandemic

Elias Hubbard
March 26, 2020

The newly merged fund will provide people who are not receiving a paycheque during the pandemic with $2,000 each month for up to four months.

Finance Minister Bill Morneau said on Wednesday: "I would like to thank and commend my Parliamentary colleagues in the House of Commons and Senate for agreeing to the immediate adoption and royal assent of Bill C-13 so that the Government can deliver this extraordinary support for Canadians and the economy on an urgent basis".

"Companies don't need to separate their employee from their company".

"Families are anxious about when they'll get help".

Most of those who are out of work say their employers aren't offering any emergency support. The benefit will be paid every four weeks and will be available from March 15, 2020 until October 3, 2020.

He added that nearly one million people applied for employment insurance last week. Depending on how things go, the unemployment rate could jump as high as 11.7 per cent by the second quarter, TD Economics wrote in a report Wednesday.

That's up from the $27-billion that was promised. Canadians who are eligible for EI regular and sickness benefits would still be able to access their normal EI benefits, if still unemployed, after the 16-week period covered by the CERB.

Economic supports have changed over the past week, he added. The details on that initiative will be unveiled shortly.

To help ease that burden, all Canadians, regardless of their EI eligibility, can file for the CERB.

"The pain that small- and medium-sized firms are feeling is intense", he wrote. "We hope that additional measures to ensure that furloughed workers' firms still exist after the pandemic control measures are lifted will be forthcoming".

If you do apply for the CERD, the government says Canadians would begin to receive their payments within 10 days of application.

According to Global Affairs Canada (GAC), there are now more than 419,400 Canadians registered who are overseas.

The Prime Minister announced a new benefit this morning to aid workers in Canada who have lost their job because of the COVID-19 pandemic. This announcement will streamline the process for Canadians who need help financially.

"We haven't got the (program) money so we don't actually have this cash to operate our businesses (and) until we get that, we're screwed", Cox continued.

Deputy Prime Minister Chrystia Freeland, Treasury Board President Jean-Yves Duclos and Employment, Workforce Development and Disability Inclusion Minister Carla Qualtrough will also hold a news conference scheduled for noon ET.

Other reports by Click Lancashire

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