Ottawa’s relief measures for businesses could soar to more than $9.1-billion, says PBO

It has yet to cost the Canada Emergency Commercial Rent Assistance program, which was just announced earlier this week. That program, which was negotiated with provinces and territories, will lower rent for small businesses affected by COVID-19 by 75 per cent.

Canada's Parliamentary Budget Officer Yves Giroux, pictured in his office on January 2019, predicts that one of Ottawa's relief measures to help businesses through the COVID-19 pandemic could cost more than $9.1-billion for the 2020-21 fiscal year. The Hill Times photograph by Sam Garcia

News

BY PALAK MANGAT

April 24, 2020

One of the federal government’s relief measures to support businesses and enterprises during the COVID-19 pandemic could cost more than $9.1-billion, according to analyses released Friday by the Parliamentary Budget Officer. The PBO estimated that the Canada Emergency Business Account will

To keep reading, subscribe and become a political insider.

Only $7.76 a week for an annual subscription.

Enjoy unlimited website access and the digital newspaper.

Cancel anytime.

Already a Subscriber?

Get Today’s Headlines Newsletter

Your quick scan of the news you need each weekday to be the smartest person in the room.

By entering your email address you consent to receive email from The Hill Times containing news, analysis, updates and offers. You may unsubscribe at any time. See our privacy policy