OTTAWA – Canada To Spend C$ 1 Billion To Fight Coronavirus. Canada will spend C$1 billion ($728 million) to fight the spread of coronavirus in the country. The country stands ready to do even more, Prime Minister Justin Trudeau, on Wednesday said.
According to details, Canada has recorded 93 confirmed cases of the highly contagious coronavirus and one death. Late on Tuesday, the eastern province of Ontario said it may have identified its first case of localized contagion.
Trudeau told reporters the following. “We’re already prepared to do more if need be. We’ll be there to support businesses. We will be there to support Canadians through this difficult time.” The aim is to slow the spread of the coronavirus as much as possible.” Trudeau himself spoke at the conference on Wednesday. He said he had not yet been tested for the coronavirus.
The government will also make it easier for sick workers to claim unemployment insurance while enhancing its work-sharing program. Some C$275 million will go to research on medical countermeasures, including vaccines. In a bid to support businesses should the economy experience tightening credit conditions, Ottawa will boost investment in federal lending agencies, such as the Business Development Bank of Canada and Export Development Canada. Canada To Spend C$ 1 Billion To Fight Coronavirus.
Half of the money in the fund set up by Trudeau’s government will go to the provincial healthcare systems. This will be to improve access to testing, monitoring, and on equipment such as surgical masks and face shields. Millions of face masks stockpiled by Ontario more than 15 years ago have expired. “The resources announced today will help our hospitals and clinics across the country respond to any surge in demand,” Health Minister Patty Hajdu said.