The federal government is preparing to undertake measures designed to protect Canadians and the country’s economy from the outbreak of a novel form of coronavirus.
Finance Minister Bill Morneau said Friday that the federal government will soon announce support for Canadians who are quarantined to prevent the spread of the virus known as COVID-19.
He also said the government will increase its risk adjustment provision in its forthcoming budget to ensure that it is ready and able to respond to COVID-19, which has caused dramatic drops in the stock market and has sickened dozens of Canadians and hundreds of thousands more globally.
“It’s important to keep in mind that what this will mean for the Canadian economy ultimately depends on the depth and geographical spread of the virus and these things cannot be known, until they are known,” he said in a speech to the Canadian Club of Toronto.
“Our government is planning for every contingency.”
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