Close X
Wednesday, January 15, 2025
ADVT 
National

Liberals pledge financial aid to sectors of economy hit hard by COVID-19

Darpan News Desk The Canadian Press, 17 Apr, 2020 06:01 PM
  • Liberals pledge financial aid to sectors of economy hit hard by COVID-19

On Friday, the Liberals announced $1.7 billion to help clean up "orphaned wells" in oil-producing provinces, and a $750-million fund to cut methane emissions by providing loans to companies.

 Speaking outside his Ottawa residence, Prime Minister Justin Trudeau said the government expects all the spending to maintain 10,000 jobs across the country in the oil sector as it faces plummeting prices from decreased demand and a glut of global supply.

Trudeau added the government is going to provide $962 million to regional development agencies to help more businesses, particularly those that don't have relationships with traditional financial institutions. And he promised hundreds of millions of dollars in support for the arts and culture industries. 

 

 

MORE National ARTICLES

Canadian Experts Returning Home After Probing Tehran Plane Crash, TSB Says

Iran has admitted firing surface-to-air missiles at the airliner as it left Tehran's international airport Jan. 8, saying it was a mistake.    

Canadian Experts Returning Home After Probing Tehran Plane Crash, TSB Says

Risk To Canadians Of Chinese Coronavirus Low, Health Minister Says

OTTAWA - Federal Health Minister Patty Hajdu says several people in Canada are under observation for signs they may have contracted a coronavirus from China, but that the risk to Canadians remains low.

Risk To Canadians Of Chinese Coronavirus Low, Health Minister Says

Is Climate Action A $26-trillion Opportunity? 'A Little Baloney' In Minister's Claim

This is not simply an environmental issue. It is an economic issue. The estimates going forward in terms of the size of the prize for countries that are in this game early

Is Climate Action A $26-trillion Opportunity? 'A Little Baloney' In Minister's Claim

Professional Lego Builder 'Hasn't Worn A Tie For Years' After Giving Up It Job

VANCOUVER - Many years ago when Ryan McNaught was an IT professional, he got an email from his manager who wanted to have a meeting about the number of meetings they were having.    

Professional Lego Builder 'Hasn't Worn A Tie For Years' After Giving Up It Job

'The Court Is Being Embarrassed': Meng Lawyers Say Crown Changed Argument

VANCOUVER - A lawyer for Huawei executive Meng Wanzhou says the Crown has changed its arguments, telling a judge who issued an arrest warrant one thing and another to the justice who will rule on the extradition.    

'The Court Is Being Embarrassed': Meng Lawyers Say Crown Changed Argument

New Cybersecurity Centre Developed By Mastercard, Feds, Slated For Vancouver

VANCOUVER - The federal government and Mastercard are working together to develop technologies and standards aimed at ensuring safe and secure use of any device connected to the internet.    

New Cybersecurity Centre Developed By Mastercard, Feds, Slated For Vancouver