Week in Review: July 8-10, 2020

Wednesday, July 8^th

Minister Morneau provided an economic and fiscal snapshot – showing Canadians where we are now and our plan to stabilize and rebuild the economy in the weeks and months to come.

The government made the decision early on to step up and help all Canadians through this time of need. This support has meant millions of Canadians have been able to put food on the table, keep a roof over their heads, and support their families.

Nearly 3 million Canadians have kept their jobs because of the wage subsidy, almost 690,000 business owners have benefitted from the $40,000 interest-free CEBA loan, and over 8 million Canadians (including entrepreneurs and self-employed people) have been supported by the Canada Emergency Response Benefit.

Watch Minister Ng’s video on how our supports are directly helping Canadians.

Thursday, July 9^th

Minister Bibeau announced that the government, in partnership with the Government of Quebec, will together invest over $1 million to provide targeted to support fish farmers in the province as they navigate the challenges of COVID-19.

The Prime Minister and Cabinet Ministers met for a virtual Cabinet retreat to discuss how to move forward as Canadians from this global pandemic. They spoke about the concrete actions they will take to fight racism in Canada, prepare for a potential second wave of COVID-19, and how to safely restart and rebuild the economy.

Friday, July 10^th

Minister O’Regan announced that the government will provide up to $30 million to help cover the additional safety measures costs that small and medium-sized businesses in the forestry sector have incurred as a result of COVID-19. Faced with the challenges of both maintaining the manufacturing of essential products and ensuring seedlings are planted on schedule amid COVID-19, federal, provincial, and territorial governments – together with industry – worked collaboratively to quickly put in place measures to protect workers and communities.