1,000,000 Employment Insurance claims in one week
Another 5,000 people laid off via Air Canada due to blanket bans
$5.43Price of a barrel of WCS oil on 19 March
Canada’s oil and fuels sector has also seen a sharp slowdown, as the value of oil fell from around $35. 82 per barrel on Western Canadian Select in January to just $5. 43 last week. The oil and fuel industry accounts for about 10% of the country’s gross domestic product. product.
The measures contained in the bill include increasing family benefits for families with children, wage subsidies for small businesses, and tax relief measures.
The bill would provide C$2,000 per month for the next four months to people who have lost their jobs due to Covid-19. This would apply to people who have been quarantined, helping a family member with health problems, who have been laid off, or have not gotten paid from their employer.
In an update Wednesday, Trudeau said other people would get a quote 10 days after applying.
An earlier edition of the bill gave Trudeau sweeping powers over taxes and spending with parliamentary approval for up to 21 months.
This prompted sharp criticism from opposition parties.
Negotiations between the parties lasted until early Wednesday morning, when the final bill was introduced and temporarily passed through the House of Commons and Senate. The new edition would give the finance minister the authority to spend and borrow without parliamentary approval until September.
Mr Trudeau’s Liberal Party lead a minority government and need the support of other parties in order to pass legislation.
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Parliament has been suspended since March 13 to allow MPs to work from home, but temporarily reconvened on Tuesday, albeit with a limited number of MPs to allow for social distancing.
There are more than 2,790 confirmed cases in Canada as of Wednesday morning, according to data compiled by Johns Hopkins University. There have been more than 25 deaths related to the virus.
There is also a network of the virus.
All non-essential businesses in Ontario and Quebec, two of its most populous provinces, have been shut down by order of provincial governments.
On Wednesday, Health Minister Patty Hajdu said the government is invoking the Quarantine Act to require all foreign travelers to isolate for 14 days upon returning to Canada.
Hajdu said there would be “random checks” and “random checks” to make sure other people obey orders.
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