- $300 billion to the Office of the Superintendent of Financial Institutions (OFSI) to free up capital for the banks;
- $200 billion through the Bank of Canada and Canada Mortgage and Housing Corporation (CMHC) for liquidity support;
- $85 billion for income and sales tax deferrals;
- $286 billion directly to businesses, workers, and the agricultural sector.
It has become routine, every morning around 11:15 a.m. EDT thousands of Canadians gather around their television sets to hear the daily national briefing. Closely watching as our national leaders soberly descends down the stairs and step up to the microphone. Citizens and mainstream media all wait with bated breath to learn about the nation’s COVID state of affairs, and whose turn it is to receive financial aid. A million here, a billion there, here a million, there a billion, well you can fill in the rest. Over the past 48 days the overall total economic relief measures announced come to approximately $817+ billion, more specifically: