AIRLINK 77.84 Decreased By ▼ -2.55 (-3.17%)
BOP 4.87 Decreased By ▼ -0.05 (-1.02%)
CNERGY 4.28 Decreased By ▼ -0.07 (-1.61%)
DFML 45.00 Decreased By ▼ -0.51 (-1.12%)
DGKC 85.97 Decreased By ▼ -2.83 (-3.19%)
FCCL 22.45 Decreased By ▼ -1.11 (-4.71%)
FFBL 32.00 Decreased By ▼ -1.00 (-3.03%)
FFL 9.50 Decreased By ▼ -0.07 (-0.73%)
GGL 10.09 Decreased By ▼ -0.18 (-1.75%)
HASCOL 6.55 Decreased By ▼ -0.16 (-2.38%)
HBL 112.00 Decreased By ▼ -1.00 (-0.88%)
HUBC 141.20 Decreased By ▼ -1.36 (-0.95%)
HUMNL 10.97 Decreased By ▼ -0.93 (-7.82%)
KEL 4.85 Decreased By ▼ -0.19 (-3.77%)
KOSM 4.35 Decreased By ▼ -0.15 (-3.33%)
MLCF 38.25 Decreased By ▼ -0.68 (-1.75%)
OGDC 128.89 Decreased By ▼ -3.11 (-2.36%)
PAEL 25.51 Decreased By ▼ -0.24 (-0.93%)
PIBTL 6.36 Decreased By ▼ -0.21 (-3.2%)
PPL 117.50 Decreased By ▼ -2.05 (-1.71%)
PRL 25.80 Decreased By ▼ -0.30 (-1.15%)
PTC 13.74 Decreased By ▼ -0.32 (-2.28%)
SEARL 57.09 Decreased By ▼ -0.42 (-0.73%)
SNGP 64.99 Decreased By ▼ -1.11 (-1.68%)
SSGC 10.00 Decreased By ▼ -0.19 (-1.86%)
TELE 8.12 Decreased By ▼ -0.20 (-2.4%)
TPLP 10.35 Decreased By ▼ -0.21 (-1.99%)
TRG 65.24 Decreased By ▼ -2.91 (-4.27%)
UNITY 26.85 Decreased By ▼ -0.28 (-1.03%)
WTL 1.34 Decreased By ▼ -0.01 (-0.74%)
BR100 7,835 Decreased By -96.8 (-1.22%)
BR30 25,245 Decreased By -504.5 (-1.96%)
KSE100 74,667 Decreased By -908.6 (-1.2%)
KSE30 23,919 Decreased By -292.9 (-1.21%)
World Print 2020-03-26

Canada lawmakers pass coronavirus aid package after all-night session

Canadian lawmakers Wednesday morning approved an Can$82 billion (US$57 billion) aid package to help individuals and businesses through the pandemic, after all-night negotiations on what emergency powers to grant the minority government.
Published 26 Mar, 2020 12:00am

Canadian lawmakers Wednesday morning approved an Can$82 billion (US$57 billion) aid package to help individuals and businesses through the pandemic, after all-night negotiations on what emergency powers to grant the minority government.
Thirty-two members of Parliament, proportionally representing each party instead of the full 338, had gathered in Ottawa for a vote on the emergency measures on Tuesday.
But opposition parties balked at additional provisions giving Prime Minister Justin Trudeau's Liberals unlimited borrowing and spending powers for 21 months without oversight.
Parliament had been suspended from March 13 through April 20, but reconvened only to approve the cash injection to help individuals and businesses.
South of the border, a similar drama played out in Washington, where US Senate leaders and the White House finally agreed on a $2 trillion aid package late Tuesday.
In Ottawa, the opposition Conservatives offered their support for the aid, but pushed back against a government demand for unlimited spending powers through 2021. Meanwhile, the New Democrats lamented that not enough money had been spent yet to help the nearly one million Canadians who joined unemployment lines this month after businesses were ordered temporarily closed.
"We will authorize whatever spending measures are justified to respond to the situation but we will not sign a blank cheque," Tory leader Andrew Scheer said, adding the unprecedented powers sought by the Liberals amounted to a "power grab." Trudeau justified the need for the measures, saying: "This pandemic is moving extremely quickly and it is an exceptional situation that requires extreme flexibility and rapidity of response by governments." The government bill had received backing from the Bloc Quebecois, assuring its passage, but without all-party support the cash would not get to Canadians in early April in time to soften the pandemic's economic toll.

Copyright Agence France-Presse, 2020

Comments

Comments are closed.