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Canada unveils largest economic relief package since World War II

The Federal Government of Canada will use C$100bn to improve Canada’s post-pandemic economy.

Finance Minister Chrystia Freeland said on Monday that it is ‘the largest economic relief package for our country since the World War II’

This will bring the deficit to a historic C$381.6bn by March 2021.

The long list of plans includes targeted relief for hard-hit business sectors as well as for long-term care homes and distribution of a Covid-19 vaccine.

Ms Freeland said in the House of Commons on Monday ‘ When the virus is under control and our economy is ready for new growth, we will employ an ambitious stimulus package,” to be spent over the next three years’

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