Canada announces massive aid package amid pandemic

Canada announces massive aid package amid pandemic Photo: WDIO-TV file

Created: March 18, 2020 11:38 AM

TORONTO (AP) - Canada's government is deferring tax payments until August, providing a wage subsidy for small businesses and pausing student loan payments as part of massive stimulus package to limit economic damage from the coronavirus pandemic.


Prime Minister Justin Trudeau says the government is focused on making sure Canadians can support their families, buy groceries and pay the rent. Up to $82 billion Canadian (US$56.4 billion) is being spent.

The money involved in Wednesday's announcement is about 3% of Canada's gross domestic product.

Copyright 2020 The Associated Press. All rights reserved.


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