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Free AccessMNI POLICY:Trudeau: Canada Provinces Agree on Re-Opening Rules
By Greg Quinn
OTTAWA (MNI) - Canadian Prime Minister Justin Trudeau said Tuesday the
country's 10 provinces have agreed to common guidelines on re-openings after
COVID-19 shutdowns, potentially heading off the kind of strife seen in the U.S.
Trudeau cautioned about the need to move slowly and referenced things
happening over weeks instead of days to avoid reversing the progress so far in
slowing the spread of a virus that has killed almost 2,800 Canadians. Individual
provinces must decide on specific timetables for opening schools and businesses,
he said at a press conference.
The virus may chop Canada's GDP by 30% over the first half of the year,
according to a worst-case scenario the central bank gave earlier this month.
Parliament held its first ever virtual general session Tuesday to work on
approving deficit spending expected to reach a modern-day record 10% of GDP.
"This framework will lay out the things that need to happen before we take
any next steps," Trudeau said. "Restarting our economy will be gradual and
careful and will be guided by science."
The main considerations in each region include:
-Controlling transmission, and providing enough testing to trace any new
outbreaks
-Workplaces must provide more health equipment and regulations
-Hospitals must have capacity to deal with the pandemic and ongoing regular care
-"Strong measures" will be in place much longer for vulnerable groups like
seniors
"The specific measures put in will depend very much on the situation on the
ground," Trudeau said. "But we need to be informed by a common set of criteria
and measures to be in place before we look at reopening different parts of the
economy."
--MNI Ottawa Bureau; +1 613-314-9647; email: greg.quinn@marketnews.com
[TOPICS: M$C$$$,MC$$$$]
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.