Categories: Economy

Canada lawmakers pass budget bill with pandemic supports ahead of summer recess

OTTAWA, June 23 (Reuters) – Canadian lawmakers on Wednesday passed Prime Minister Justin Trudeau’s budget bill, approving billions in funding to extend COVID-19 supports on the last day of voting before the summer break and a likely election in the fall.

Bill C-30 passed 211 to 121, as the opposition New Democrats and Bloc Quebecois supported the measure. Trudeau’s ruling Liberals have a minority in the House of Commons and must rely other parties to pass legislation.

The bill will only become law once the Senate, or upper chamber, adopts it and it receives royal assent. Senators are expected to have a special sitting on Friday to take up the bill.

Finance Minister Chrystia Freeland unveiled Canada’s first budget in more than two years in April, including an ambitious stimulus plan to kick-start Canada’s economic recovery from the COVID-19 pandemic. read more

The Liberals have said they need to pass the budget bill before the summer break as key pandemic support programs were set to expire at the end of June. These include a wage subsidy to help employers pay workers and aid to help businesses pay their rent.

Critics say the Liberals want to push through legislation ahead of a likely election in the fall.

Trudeau’s Liberals led the main opposition Conservatives 34% to 30% in a national poll released Tuesday by Leger.

Earlier on Wednesday, the House passed a Conservative bill that will exempt farmers from paying a levy on carbon emitted by burning natural gas and propane for farming operations.

On Tuesday, the House passed a controversial bill to regulate programming on streaming services and social media platforms and a bill criminalizing LGBT conversion therapy, and the Senate opened the way to legalize betting on single games or sporting events. read moreReporting by Julie Gordon in Ottawa Editing by Bill Berkrot

Our Standards: The Thomson Reuters Trust Principles.

Source: https://www.reuters.com/business/canada-lawmakers-pass-budget-bill-with-pandemic-supports-ahead-summer-recess-2021-06-23/

World Economic Magazine

Recent Posts

Europe’s Private Credit Moment: Why 2026 Could Redefine the Asset Class

Dubai leveraged its strategic coastline to become a global trade hub, exporting “access itself” through…

15 hours ago

DUBAI REAL ESTATE INDUSTRY SURGE SIGNALS MARKET MATURITY, SAYS LUXURY DEVELOPER

Keturah Reserve launches final sales phase as 2025 data reveals AED86B capital gains and major…

1 day ago

U.K. Economy Contracts Again as Services Weakness Deepens, Cementing Expectations of a Bank of England Rate Cut

The UK economy contracted again in late 2025, with weaker services output fuelling expectations of…

4 days ago

U.S. Lawmakers Raise Alarm Over Sale of Nvidia H200 Chips to China

U.S. lawmakers are raising alarms over Nvidia’s AI chip exports to China, warning that allowing…

5 days ago

Historical Recognition for Akinwumi Adesina: University of Gambia Re-Names Faculty of Agriculture and Environmental Sciences in his honor

The historic occasion recognized and immortalized Adesina’s name, leadership, contributions to Africa, and his visionary…

5 days ago

BUOYANT DUBAI REAL ESTATE MARKET ROUNDS OFF LANDMARK YEAR WITH DECEMBER SURGE

Record 215,700 annual sales worth AED 686.8 billion underscore city's position as a premier global…

5 days ago