According to a Huff Post article, the federal government of Canada announced recently that the Canada Emergency Response Benefit (CERB) - Canada’s emergency income support for the unemployed – will now be extended until October. While the benefit has prevented a sudden financial shock from hitting millions of people in the COVID-19 pandemic lockdowns which should result in a stronger short term economy, Canadians are concerned that they could face an income shock when the program ends. The plan paid out $43.5 billion through May; $5.5 billion more than the $38 billion that Canadians lost in income during that time.
展开▼
