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Watch live @CBCNews: Prime Minister Justin Trudeau to provide daily coronavirus update at 11:15 am ET. PM expected to announce support for students and young people who can't work due to the pandemic. http://cbc.ca/1.5540814
Prime Minister Justin Trudeau announces the Canada Emergency Student Benefit, which will give students $1,250 a month from May to August. Students who take care of someone else or have a disability will receive larger payments of $1,750 a month.
The Canada Emergency Student Benefit is for current post-secondary students, those beginning post-secondary in September and those who graduated after December 2019. Students with jobs who are earning $1,000 or less per month are still eligible for the benefit.
Justin Trudeau says the government will create 76,000 jobs for young people in addition to the Canada Summer Jobs program. Students who volunteer this summer in the fight against COVID-19 will be eligible for $1,000-$5,000 through the Canada Student Service Grant.
Justin Trudeau says the student grants given out in the 2020-21 school year will be doubled. The governments of Quebec, N.W.T and Nunavut will receive funding to boost financial aid. The government will spend $75 million to increase support specifically for Indigenous students.
More @CBCNews: Trudeau announces $9B in financial aid for students struggling because of pandemic. https://www.cbc.ca/news/politics/trudeau-students-financial-aid-1.5540814
A release from the Prime Minister's Office on the new aid measures to help students says: 'This is a critical point in their lives, and we must do everything possible to support their future.' More details in news release below:
Justin Trudeau answers a question about why CERB isn't universal. He says a universal benefit wouldn't have been much simpler in terms of administration. He says many Canadians have not lost their income, so Ottawa chose to give the maximum amount of help to those who need it.
Justin Trudeau says the government is working on further measures to help seniors. He says many continue to have the same fixed income, but there are concerns about their long-term savings and the cost of living. He says opposition parties have made 'excellent suggestions.'
