Trudeau Readies Virus Aid for Struggling Canadian Cities
- Prime minister says gov’t to advance payment of C$2.2 billion
- Towns, cities had asked for C$10 million in emergency funds
Justin Trudeau arrives at a daily briefing outside his Ottawa residence on May 27, 2020.
Photographer: David Kawai/BloombergThis article is for subscribers only.
Prime Minister Justin Trudeau unveiled C$2.2 billion ($1.6 billion) in financial support for Canadian municipalities whose revenues have plunged amid Covid-19 lockdowns.
The funding will take the form of an advanced payment of the federal Gas Tax Fund, money already earmarked for provinces which in turn funnel it to towns and cities within their jurisdiction, Trudeau told reporters Monday in Ottawa.