The federal government is expected to provide more financial support for students and other young Canadians during the COVID-19 pandemic, in an April 22, 2020 story. (Photo by THE CANADIAN PRESS)

Feds expected to unveil more emergency aid for students, young Canadians

OTTAWA — The federal government is expected to announce today more significant financial support for students and other young Canadians struggling to stay afloat and find jobs during the COVID-19 pandemic.

The new measures are intended to target support at young people who have fallen through the cracks of other emergency financial assistance.

Some students, for instance, have complained that they don’t qualify for the Canada Emergency Response Benefit.

It provides $500 a week for up to 16 weeks to Canadians who have lost their jobs due to the pandemic and had an income of at least $5,000 in the previous 12 months — criteria that doesn’t apply to many students.

Today’s measures are in addition to some steps the federal government has already taken to specifically help young people weather the health crisis.

It has put a six-month, interest-free moratorium on student loan repayments.

It has also bolstered the Canada Summer Jobs program in a bid to encourage employers to hire young workers for essential jobs.

Employers this year will receive a subsidy of up to 100 per cent of the provincial or territorial minimum hourly wage for each youth employee — up from the usual wage subsidy of 50 per cent.

The government has also expanded the program to include part-time workers and extended the this year’s employment period to the end of February 2021.

As well, the government has provided $20 million to support young entrepreneurs who are facing challenges due to the pandemic.

Today’s announcement of additional financial assistance comes as the federal government is poised to release Friday its fiscal update for February — including a deficit number that is bound to look positively microscopic compared to the red ink the government has been piling up since mid-March when the pandemic forced the economy to a virtual standstill.

As of Tuesday, Ottawa has shovelled $107 billion into financial assistance for individuals, employers and hard-hit groups and sectors of the economy. It has also committed $85 billion in loans and tax deferrals.

This report by The Canadian Press was first published April 22, 2020.

Coronavirusfederal government

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

Alberta discussing early Stage 2 economic relaunch

Nineteen new COVID-19 cases confirmed by government Wednesday

Red Deer city council defeats bylaw that would have expanded cannabis sales locations

Sixty possible locations would be “overkill,” says Coun. Lawrence Lee

Traffic delays in Red Deer are caused by sidewalk construction

Drivers are urged to slow down near 32nd Street and Taylor Drive

COVID-19 crushing longtime family-owned guide outfitter

What was once a thriving business has all but dried up. Steve… Continue reading

Solidarity together: Central Albertans protest in Red Deer against racism

There’s no such thing as a little bit of racism. Even one… Continue reading

Hydroxychloroquine does not prevent COVID after exposure to the virus: study

Hydroxychloroquine does not prevent COVID after exposure to the virus: study

Nunavut RCMP to consider body cameras as tension between police, Inuit grows

Nunavut RCMP to consider body cameras as tension between police, Inuit grows

Stockwell Day steps down from several roles after comments about racism

Stockwell Day steps down from several roles after comments about racism

Trudeau to join global COVID-19 vaccine fundraiser amid calls for fair access

Trudeau to join global COVID-19 vaccine fundraiser amid calls for fair access

Joint inquiry or review of mass killing taking shape, N.S. justice minister says

Joint inquiry or review of mass killing taking shape, N.S. justice minister says

Greens likely to hold virtual leadership convention due to pandemic: May

Greens likely to hold virtual leadership convention due to pandemic: May

Meng hearing schedule to expand; lawyers ask for ‘referee’ in case

Meng hearing schedule to expand; lawyers ask for ‘referee’ in case

As some protesters in D.C. gird for battle, others provide first aid, supplies

As some protesters in D.C. gird for battle, others provide first aid, supplies

Most Read