Canada's PM Trudeau announces CAD82 billion coronavirus stimulus package

Market news

18 March 2020

Canada's PM Trudeau announces CAD82 billion coronavirus stimulus package

Says Canada to provide up to CAD27 billion to help Canadians and businesses
Canada to provide CAD55 billion to meet liquidity needs of business and households through tax deferrals Canada to provide temporary wage subsidy for up to 3 months to allow businesses to keep workers on payroll
Canada aid package totals CAD 82 billion [this represents more than 3% of Canada's GDP]
Canadians will have until August 2020 to pay taxes

U.S. Treasury Secretary Mnuchin: Closing down parts of economy to destroy coronavirus

EU looking at activating the region’s bailout fund to help contain the impact of the coronavirus, - Bloomberg repots, citing three people familiar with the discussions

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