Posts Tagged ‘budget’

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How is Ottawa going to pay off its COVID-19 debt? With any luck, it won’t have to

Tuesday, April 28th, 2020

… the country’s long-term fiscal game plan is likely to look like the one that financed the Second World War… In the 30 years after the war, Canada did not pay off the national debt. It even added to it… The reason was economic growth. The debt was large and growing, but the economy grew slightly faster. That’s how Canada got rid of its war debt without literally paying it off… borrowing costs, low then, are at record lows now.

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Ontario’s front-line workers getting pay hike of $4 an hour during pandemic

Sunday, April 26th, 2020

Effective immediately, employees who are providing front-line and support services, including cleaning and meal preparation at health-care facilities, are eligible for a raise of $4 per hour for the next 16 weeks… Staff who work more than 100 hours per month would receive an additional $250 per month for each of the next four months… The money is also intended to help “front-line providers attract and hire extra staff they need to continue taking care of patients and residents,” Ford said.

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COVID-19 prompted previously unthinkable spending from Ottawa. Here’s how it will reshape our future

Saturday, April 25th, 2020

… just two months ago… COVID-19 management gripped our economy and we collectively decided to put health and well-being above — far above — economic growth and fiscal discipline… but few foresaw a lockdown that is now more than six weeks long, with many more to come. Few could predict that the cost would be so enormous. But the most surprising part? The consensus that it’s all still worth it is holding strong.

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Break the cycle of neglect and panic in public health

Saturday, April 25th, 2020

As far back as 2006, in the wake of SARS, Ottawa set out a pandemic preparedness plan that should have made this country as ready as any for a threat like COVID-19… Ottawa, it turns out, has been cutting funding for management of its stocks of personal protective equipment like medical masks and gowns, known as the National Emergency Strategic Stockpile… But at a time when pandemics seemed like distant threats, no one cared much about stocks of PPE gathering dust in warehouses.

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Ontario Delivers Action Plan to Increase Protection for Vulnerable People and Those Who Care for Them

Friday, April 24th, 2020

“The action plan we are delivering today lays out a set of interventions, tailored by sector, to enable prevention and infection control, while maintaining service continuity for the benefit of our vulnerable clients and staff… “The COVID-19 Action Plan for Vulnerable People focuses on three specific areas: Enhanced Screening and Reduced Exposure to Prevent Spread… Infection Control: Managing Outbreaks and Limiting Spread… Sustaining Staffing and Managing Staff Shortages

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Trudeau rejects turning CERB’s $2,000 a month into a universal benefit for Canadians

Thursday, April 23rd, 2020

“We feel that targeting the maximum amount of help to the people who needed it quickly was the right way to begin to get through this process.” … A group of 50 senators from different political and partisan backgrounds signed an open letter to Trudeau on Tuesday, also calling for the CERB to be turned into a universal benefit… A universal payment would ensure greater social and economic equity as well as greater efficiency, the senators say.

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Federal government announces $9B financial relief package for students

Thursday, April 23rd, 2020

The new program will replace students’ lost summer income at $1,250 a month from May to August. Those who are also providing care for someone, or who have a disability will have access to $1,750 a month. Current students, students beginning their studies in September 2020, and those who graduated after December 2019 are eligible for the program… details on the new programs will come in the following days.

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Ontario to allow people on social assistance to keep part of emergency benefits

Tuesday, April 21st, 2020

More than 960,000 Ontarians rely on social assistance, but only about 75,000 report earned income, according to provincial data. Ottawa began issuing CERB payments April 6 for workers who lost their jobs or are earning less than $1,000 a month due to the pandemic and have earned at least $5,000 in the past 12 months. Payments are expected to continue for four months… The clawback is estimated to be worth about $30 million a month, according to a provincial government official.

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CERB is an unintended experiment in basic income

Monday, April 20th, 2020

… we have a historic opportunity for Ottawa, the provinces and territories to reshape cash transfers for Canadians who have low incomes, regardless of the reason why. COVID-19 could create a legacy: an income-support system that is efficient, non-stigmatizing, encourages work and is sufficient to provide better health outcomes and liquidity for people and communities. This would be a streamlined national reform vital to the economics of rebuilding and recovery.

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Ontario tells social assistance caseworkers to reinstate benefits to those who lost them after receiving emergency relief payments

Saturday, April 18th, 2020

On April 13, Carla Qualtrough, the federal minister of employment, workforce development and disability inclusion, urged all provinces not to claw back CERB benefits “to ensure vulnerable Canadians do not fall behind.” … Ontario has yet to say how it will treat the CERB. But Lockridge said Minister Todd Smith “had a productive discussion” with Qualtrough on Friday and will be providing more information “in the coming days.”

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