With one of the most successful vaccination campaigns in the world, many businesses safely reopening, and employment now back to pre-pandemic levels, Canadians have reached a turning point in the fight against COVID-19. The government has now surpassed its target of creating a million new jobs. Canada is on the road to economic recovery—but some areas of the country and economy continue to need targeted support.
Today, the Honourable Chrystia Freeland, Deputy Prime Minister and Minister of Finance, announced that the government is taking targeted action to create jobs and spur economic growth. This includes moving from the very broad-based support that was appropriate at the height of lockdowns to more targeted measures that will provide help where it is needed, while prudently managing government spending.
The government is proposing the following changes to business support programs:
To ensure that workers continue to have support and that no one is left behind, the government proposes to:
With these changes, the government is supporting the hardest-hit sectors and those who are affected by the virus while recognizing that broad-based assistance is no longer needed. These changes will continue to prioritize job creation and a strong economic recovery.
“Our economy is rebounding and we are winning the fight against COVID. It is also true, though, that the recovery is uneven and the health measures that are saving lives continue to restrict some economic activity. That is why today we are announcing what we very much hope and believe is the final pivot in delivering the support needed to ensure a robust recovery – for everyone. Our focus is to protect and create jobs. And ensure the strongest possible recovery for everyone. And we will continue to deliver on this promise we have made to Canadians.”
The Honourable Chrystia Freeland, Deputy Prime Minister and Minister of Finance
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