Canada will invest around CUS$2.5 billion (US$1.8 billion) in measures to help the hard-hit oil and gas industry survive during the nation's ...
A health care worker runs across University Avenue from Mount Sinai Hospital to Toronto General Hospital as the number of the coronavirus disease cases continues to grow in Toronto, Ontario, Canada April 17, 2020. REUTERS/Carlos OsorioOTTAWA: Canada will invest around C$2.5 billion in measures to help the hard-hit oil and gas industry survive during the nation's coronavirus outbreak that has killed 1,250 people, Prime Minister Justin Trudeau said on Friday .
Ottawa is also setting up a C$750 million fund to provide repayable loans to companies so they can cut emissions of gases such as methane and help Canada meet its climate targets. Funding to clean up orphan or inactive wells is welcome news for farmers who rent parts of their land to oil companies, said Todd Plandowski, owner of a company that negotiates lease agreements for farmers.
Many of the 30,670 confirmed coronavirus cases have been recorded in seniors residences. Trudeau said 125 troops with medical experience would be sent to help staff in long-term care homes in the province of Quebec.
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