The Liberal government intends to create thousands of jobs by supporting retrofits of homes and buildings and investing in reducing the impact of climate-related disasters, like floods and wildfires, as part of a modest green agenda announced in the speech from the throne today.
Indicating a plan to build “a more resilient Canada,” the government will “help deliver more transit and active transit options,” the speech stated.
Canada’s 150th speech from the throne was read today in the Senate Chamber by Gov. Gen. Julie Payette with the prime minister at her side. There was no direct mention of significant stimulus infrastructure spending.
The government will immediately bring forward a plan to exceed Canada’s 2030 climate goal, the speech indicated, and the government will also legislate Canada’s goal of net-zero emissions by 2050.
Communities will be supported through investments in “all types of infrastructure, including public transit, energy efficient retrofits, clean energy, rural broadband, and affordable housing, particularly for Indigenous peoples and northern communities.”
To help the economy recover from the COVID-19 pandemic, the Liberals pledged to launch a campaign to create over one million jobs, restoring employment to previous levels. A range of tools will be employed, including direct investments in the social sector and infrastructure, immediate training to “quickly skill up workers,” and incentives for employers to hire and retain workers.
Businesses will also be assisted with an extension of the Canada Emergency Wage Subsidy through to next summer.
“The government will work with businesses and labour to ensure the program meets the needs of the health and economic situation as it evolves,” Payette said.
The government also announced an acceleration of the Universal Broadband Fund and said it would be making “substantial investments” in housing.
Payette stated the government will supplement its National Housing Strategy by increasing investments to rapid housing in the short term and partnering with not-for-profits and co-ops in the mid- to long-term. The government will also move forward with enhancements to the First-Time Home Buyer Incentive.
“Construction projects create jobs, and having a home is critical so people can contribute to their communities,” Payette said.
The government also announced a transition of the Canada Emergency Response Benefit program to the Employment Insurance (EI) system.
For people who would not traditionally qualify for EI, the government will create the transitional Canada Recovery Benefit. Over the coming months, the EI system will become the sole delivery mechanism for employment benefits, including for Canadians who did not qualify for EI before the pandemic.
Business supports announced, in addition to extending the wage subsidy, include expanding the Canada Emergency Business Account to help businesses with fixed costs, improving the Business Credit Availability Program, and introducing further support for industries that have been the hardest hit, including travel and tourism, hospitality and cultural industries.
Early reaction included a statement from the Mechanical Contractors Association of Canada (MCAC).
“With today’s Throne Speech, we are optimistic that the federal government has laid the groundwork to work closely with industry in the rebuilding of the Canadian economy,” said Dave Holek, MCAC president. “We are actively reviewing the details from today’s speech, and are working diligently on an action plan to partner on strategic initiatives that will benefit all Canadians.”
The speech was delivered 39 days after Trudeau prorogued parliament.
Read more on the speech from Dr. Sherry Cooper OR from the source here.
Angela Calla is a 16-year award-winning woman of influence and mortgage expert. Alongside her team, Angela passionately assists mortgage holders in acquiring the best possible mortgage. She educates and empowers individuals on the “The Mortgage Show”, which she’s hosted for over a decade and is the best selling author of The Mortgage Code available on Amazon. All proceeds from her book sales are donated to Access Youth Outreach services, a local charity in our community supporting our youth.
Angela leads by example with passion and conviction. She is known as an industry expert on TV and radio and the go-to source for publishers across the Country. On top of all her achievements, Angela finds the time to be a loving wife and mother of two beautiful children.
For media interviews, speaking inquiries, or personal mortgage assistance, please contact Angela at email@example.com or 604-939-8777.