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Thursday, February 29, 2024

Canada backs $75bn coronavirus relief bill

Canada has passed a multi-billion-dollar relief package to respond to the coronavirus slowdown.

It allows the government to spend C$107bn ($75bn, £64bn) in emergency aid and economic stimulus to assist Canadians struggling financially.

All parties supported the bill following amendments that removed provisions giving cabinet unprecedented powers.

It received rapid Royal Assent.

The government said Canadians made nearly one million claims for unemployment benefits last week, which is equivalent to about 5% of Canada’s workforce.

A survey from Angus Reid Institute found that 44% of Canadian households had someone who had lost hours due to the coronavirus shutdown. A third said they were concerned about missing a mortgage or rent payment.

Prime Minister Justin Trudeau had promised to push the bill through parliament this week.

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