The bill allows the federal government up to $52 billion in funds to directly help Canadians, including a repackaged aid program for workers who can't work for nearly any reason connected to the virus.
The Canadian government website lists some COVID-19 scams that have been reported, ranging widely from door-to-door salespeople selling disinfecting products to private companies offering health services.
On Wednesday, before Mr. Trudeau made his comments, The Globe and Mail asked Canadian Imperial Bank of Commerce CEO Victor Dodig whether the government had pressed banks to lower credit card interest rates and whether that would be the right decision, but he suggested it was not in CIBC's plans. He said it also means ramping up manufacturing capacity to produce items needed by the healthcare system. "We are sticking with the focus, it's happening in real time".
Most of the negotiating over the bill's contents was not done in the open, though. Our govt is doing whatever it takes to help.
To earn the support of opposition parties, the Liberals scaled down broad powers to tax, borrow and spend without typical parliamentary oversight. He said the party supports the aid package because Canadians need the help.
Those eligible for CERB include those who lost their jobs, those who are sick, quarantined or looking after someone who has COVID-19, parents who have to stay home with children and contract workers or those self-employed. He said millions more protective items will be ready for Canadian front-line workers in the coming days. He said everyone wants to know the depth of the economic hurt, how long it will last and whether it will come in waves.
Trudeau said that COVID-19 "demands a global response" and now, more than ever, all nations need to work together on ensuring supplies flow and a vaccine is developed. "There is nothing regular about what we are facing".
The government expects to enact the emergency measure from April 6, according to Finance Minister Bill Morneau.
Canadian Prime Minister Justin Trudeau said Thursday his government has told the Trump administration that it is not in favor of the USA putting troops at the U.S.
Trump is expected to send fewer than 1,000 troops to the Canadian border, two USA government officials told Reuters.