Premiers warn billions more needed from feds to weather COVID-19 crisis
OTTAWA — Prime Minister Justin Trudeau got thanks from Canada’s premiers Friday for $11-billion in federal funding to confront the health and economic impact of the rapidly spreading novel coronavirus — but heard that much more will be needed to weather the crisis.
Trudeau, who is in self-isolation after his wife tested positive for COVID-19, held a 90-minute conference call with provincial and territorial leaders.
That was instead of the in-person, daylong meeting that had originally been planned.
While the first ministers were speaking over the phone, Finance Minister Bill Morneau publicly announced that the federal government is making $10 billion available to businesses through a credit facility program.