NEWS

Canada Set To Spend $100 Billion In Covid-19 Recovery Program

Canada’s federal government plans to spend a hefty sum of $100 billion in the coming months to aid the recovery of its economy.

Finance Minister Chrystia Freeland in announcement discloses that the economic relief package is the largest by the country since the Second World War.

The spending will put the deficit to a historic high of $381.6 billion by March next year.

The wide-ranging plan includes targeted relief for hard-hit business sectors, investments in long-term care homes and distribution of a COVID-19 vaccine.

The Minister’s announcement comes against the backdrop of an increase in COVID-19 infections.

According to a tally from Johns Hopkins University, the number of active cases in Canada more than doubled in November, bringing the total number of infections to more than 376,000.

So far, more than 12,000 Canadians have died from the virus.

Yvad Billings, Readers Bureau, Contributor

Edited by Jesus Chan

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