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Finance minister to unveil COVID-19 aid package worth at least $25B – CBC.ca

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Finance Minister Bill Morneau is expected to unveil an economic aid package on Wednesday morning worth more than $25 billion to help workers and businesses counteract the shock caused by the COVID-19 pandemic.

A senior government official told CBC News that some of the money will be delivered directly to individuals through existing safety net programs, including employment insurance and the Canada Child Benefit.

Morneau will announce the measures in Ottawa. CBCNews.ca will livestream the announcement.

“It’s going to be significant and comprehensive,” the senior government official said.

“People need rent money and groceries. Businesses need to bridge to better times.”  

The COVID-19 outbreak has wreaked havoc on the global economy, sending stock prices diving and forcing businesses of all kinds to shut their doors as governments institute lockdowns and other social distancing measures to slow its spread.

Canadian businesses of all sizes are feeling the pain from shutdowns, cancellations and public fear as the number of confirmed cases rises each day.

The reduction in economic activity has been sharp and fast. On Tuesday, TD Economics projected growth in Canada at 0.2 per cent this year, a tiny amount by recent standards. The Bank of Canada said the economic shocks will be doubly problematic for the country, with oil prices sliding lower amid a price war between Russia and Saudi Arabia.

In response, the Bank of Canada and the U.S. Federal Reserve have moved to ease access to credit and slash interest rates. 

“The manufacturing sector, which represents one-third of the economy, is being disproportionately hit by this crisis and the necessary containment measures put in place by governments,” said Dennis Darby, the president and CEO of Canadian Manufacturers & Exporters, an industry group.

“Because workers cannot work from home, the school closures are putting significant pressure on the labour force.”

Tax filing deadline could be extended

Prime Minister Justin Trudeau said Tuesday that he was considering recalling Parliament to pass emergency economic measures and hinted that the government could allow an extension of the April 30 tax filing deadline.

In a tweet sent and then deleted on Tuesday evening, Liberal MP Ken McDonald said the deadline had been extended to June 1 — a move Quebec made earlier in the day.

When asked for clarification, Janick Cormier, the director of communications for the minister of national revenue, said the government is working with the provinces to harmonize tax relief measures.

Today’s announcement will be in addition to a $1 billion COVID-19 response package and supports for business announced by the government.

Last week, Trudeau pledged $1 billion for increased public health measures. The package includes $275 million for additional research, such as vaccine development, and $200 million for federal medical supplies, supports for Indigenous communities and education efforts.

Another $500 million is going to support provincial and territorial governments.

The federal government has also waived the one-week waiting period for employment insurance.

In addition, Morneau announced last Friday the establishment of a $10 billion credit fund to lend money to businesses to help them continue operations.

Economists call for stimulus

Economists say any stimulus package aiming to stabilize the economy must amount to at least 1 per cent of a country’s gross domestic product, which is around $20 to $30 billion for Canada.

Kevin Page, a former parliamentary budget officer and now president of the Institute of Fiscal Studies and Democracy, said $25 billion is on the lower end of what he believes is needed.

“It’s probably even a bit smaller than what we saw in the 2008 financial crisis,” Page told Power & Politics host Vassy Kapelos on Tuesday.

“We’re probably facing something like a double-digit decline on an annual basis in the second quarter, which would be even larger than what we saw in early 2009, early in that financial crisis.”

Page said the first priority is to deal with the public health crisis by making sure there are enough hospital beds, ventilators and medical personnel in place to stem the tide of the outbreak.

Beyond that, Page said, the government needs to ensure that workers have the money they need to get through the next several months.

“Putting money in the hands of workers that are going to be laid off during this time is absolutely crucial,” Page said.

In the U.S., the Trump administration is seeking an economic aid package that could approach $1 trillion, the Associated Press reported.

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Ravens win fifth straight game by beating Bucs 41-31

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TAMPA, Fla. (AP) — Lamar Jackson threw for 281 yards and five touchdowns, helping the Baltimore Ravens overcome an early double-digit deficit and extend their National Football League winning streak to five games with a 41-31 victory Monday night over the Tampa Bay Buccaneers, who lost their top two receivers to injuries.

The two-time NFL MVP improved to 23-1 against NFC teams, the best mark by a quarterback against an opposing conference in NFL history. He’s 3-0 against the Bucs (4-3), who faded after taking a 10-0 lead with help from the 100th TD reception of Mike Evans’ career.

Evans departed with a hamstring injury after Baker Mayfield tried to connect with him in the end zone again, and late in the fourth quarter with the game out of reach, leading Bucs receiver Chris Godwin was carted off the field with a left ankle injury. ESPN declined to show replays of Godwin’s injury, which appeared to be severe.

Jackson completed 17 of 22 passes without an interception, including TD throws of nine and four yards to Mark Andrews. He also tossed scoring passes of 49 yards to Rashod Bateman, 18 yards to Justice Hill and 11 yards to Derrick Henry, who rushed for 169 yards on 15 carries. Bateman had four catches for 121 yards.

The Ravens (5-2) rebounded from a slow start on defence, with cornerback Marlon Humphrey turning the game around with a pair of second-quarter interceptions — one of them in the Baltimore end zone. Jackson led a four-play, 80-yard TD drive after the first pick, and the second interception set up Justin Tucker’s 28-yard field goal for a 17-10 halftime lead.

Elsewhere in the NFL:

CARDINALS 17 CHARGERS 15

GLENDALE, Ariz. (AP) — Kyler Murray ran for a 44-yard touchdown and led the Cardinals on a drive that set up Chad Ryland’s 32-yard field goal as time expired, and Arizona rallied for a win over Los Angeles.

Cameron Dicker kicked his fifth field goal of the night — this one from 40 yards — to give the Chargers a 15-14 lead with 1:54 left. But the Cardinals (3-4) quickly moved into field goal range, aided by an unnecessary roughness call on Cam Hart that cost Los Angeles (3-3) 15 yards.

Arizona followed that with a bruising 33-yard run by James Conner, who finished with 101 yards on the ground. That eventually set up Ryland’s short field goal and a Cardinals celebration.

It was a frustrating night for the Chargers’ offence, which gained 395 yards but couldn’t find the end zone. Justin Herbert completed 27 of 39 passes for 349 yards.

Dicker booted field goals of 59, 50, 28, 47 and 40 yards, the first of which tied a franchise record for distance.

Murray ran for a spectacular touchdown early in the fourth quarter, rolling to his left before turning on the jets, beating safety Junior Colston to the sideline and then coasting into the end zone for a 14-9 lead.

It was Murray’s second long touchdown run in three weeks after he scored on a 50-yard sprint against San Francisco. It was also Murray’s 20th career game with a touchdown pass and run.

Murray completed 14 of 26 passes for 145 yards, one touchdown and one interception.

The Canadian Press. All rights reserved.

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Struggling Whitecaps, Timbers set to meet in MLS wild-card matchup

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VANCOUVER – The Vancouver Whitecaps have been here before — literally and figuratively.

With the season hanging in the balance, the ‘Caps were dealt a blow last week when the club learned it wouldn’t be able to play a post-season wild-card game in its home stadium, B.C. Place, due to a scheduling conflict.

The Whitecaps ceded home field advantage to their regional rival, the Portland Timbers. The two clubs will battle for the final playoff spot in Major League Soccer’s Western Conference in Oregon on Wednesday.

The winner will face No. 1-seed Los Angeles FC in a best-of-three first-round series, starting Sunday.

An unforeseen hurdle like a change of venues is nothing new for the ‘Caps, said defender Ranko Veselinovic, who was part of the team that was forced to relocate first to Portland, then Utah during the COVID-19 pandemic.

“It feels that always something happens for us, but it is what it is. So far, we’ve managed to always find solutions for those situations,” said the Serbian centre back. “But I hope this team can find it one more time, because we need it this time. And it will be a really nice feeling in those circumstances to go in, win and go face L.A. in the next round.”

Vancouver (13-13-8) heads into the post-season winless in its last seven MLS games and with losses in four straight after dropping a 2-1 road decision to Real Salt Lake on Saturday.

The skid followed a run that saw the club go 4-1-3 across all competitions between late August and late September.

There’s just one way to return to that level, said Whitecaps head coach Vanni Sartini.

“The work is the only way to do it. Try to put the work in and try to put the team in a way that they’re going to regain the form and the way that they were in the past,” he said.

Despite the final score, Sartini has seen positives in the way his team played in its two most recent losses.

“I think already we turned the corner,” he said. “And we start from there to build and build and build.”

Facing challenges together can help a team build, whether it’s a winless skid or an unexpected hurdle, said Vancouver’s captain Ryan Gauld.

“When you’re going through adversity, that’s when people start to raise their voice a little bit. You get good when the problems arise, you get a lot of people coming together to make sure we get out of it,” said the Scottish attacking midfielder.

“And we’ve had a tough time the last few games, but everyone’s aware of the fact that we’re a much better team than we’ve shown, and we need to find a way to get back to doing what we’re good at.”

The ‘Caps face a familiar foe in the Timbers (12-11-11).

The two sides have already met three times this season, with each coming out of the series with a win, a loss and a draw.

Portland has also struggled in recent weeks and are winless in their last five MLS outings (0-1-4).

The Timbers boast one of the league’s top offensive units, though, with threats such as Evander. The Brazilian midfielder notched 15 goals and 19 assists during the regular season.

To earn a win on Wednesday, the Whitecaps must be solid defensively, Gauld said.

“They must be one of the best attacks in the league. They have a lot of good players, and they can hurt you if you switch off,” he said. “So just being concentrated from the first whistle, and just being hard to beat, being stuffy. Just being on it for the full 90 minutes.”

A victory in the wild-card match would guarantee Vancouver at least one home playoff game, a factor that Sartini said would be a big reward for his group.

The entire team relished the experience of playing post-season soccer in front of more than 30,000 fans last year, the coach said, and the desire to repeat the feat is high as the club heads to Portland.

“Everyone is happy to be in the playoffs. So we don’t have to be moody to be in the playoff. And we go in there, we’re play one of our rivals. So it’s gonna be a nice game to show up and to play our best game possible.”

VANCOUVER WHITECAPS (13-13-8) AT PORTLAND TIMBERS (12-11-11)

Wednesday, Providence Park

HISTORY BOOKS: This will mark the seventh all-time post-season meeting between the Timbers and ‘Caps, dating back to 1975. The last time the two clubs squared off in a playoff game was during the Western Conference semifinal in 2015. Portland won the two-game aggregate series and went on to hoist the MLS Cup.

ROAD WARRIORS: The ‘Caps boasted a 7-6-4 record on the road during regular-season play — better than the 6-7-4 showing they posted at B.C. Place.

POST-SEASON PARTY: Wednesday will mark the first time the Timbers have hosted a post-season game since 2021.

This report by The Canadian Press was first published Oct. 22, 2024.

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No rugby, field hockey, badminton, triathlon or cricket at leaner 2026 Commonwealth Games

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GLASGOW, Scotland (AP) — Scotland conceived rugby sevens in the 1880s yet it will not feature in the scaled-back 2026 Commonwealth Games hosted by Glasgow.

Other sports that have also been dropped include field hockey, triathlon, badminton, Twenty20 cricket, squash, and diving.

The Games will have a 10-sport program in four venues. Athletics and swimming are compulsory while there will also be track cycling, gymnastics, netball, weightlifting, boxing, judo, bowls and 3×3 basketball.

There will also be integrated para events in six of those sports: Athletics, swimming, track cycling, weightlifting, bowls and basketball.

The Games will take place from July 23-Aug. 2 after Glasgow stepped in when the Australian state of Victoria withdrew last year because of rising costs.

It was not easy to decide which sports to include, Commonwealth Games Scotland chairman Ian Reid told the BBC on Tuesday.

“I think everybody recognises that these events need to be more affordable, lighter and we would have loved to have all of our sports and all of our athletes competing but unfortunately it’s just not deliverable or affordable for this time frame,” Reid said.

Athletes and support staff will be housed in hotels. Around 3,000 athletes are expected to compete from up to 74 Commonwealth nations and territories representing a combined total of 2.5 billion people, a third of the world’s entire population.

More than 500,000 tickets made available for spectators.

The Commonwealth Games Federation chief executive Katie Sadleir said: “The 2026 Games will be a bridge to the Commonwealth Games of tomorrow, an exciting first step in our journey to reset and redefine the Games as a truly collaborative, flexible and sustainable model for the future that minimises costs, reduces the environmental footprint, and enhances social impact. In doing so, increasing the scope of countries capable of hosting.”

Glasgow hosted the event in 2014 at a cost of more than 540 million pounds.

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