Beginning October 23, the Canadian Government is abandoning its current pandemic era fiscal policy and support, and replacing it with a system more closely resembling pre-pandemic employment insurance. The Canadian Recovery Benefit, which was available to almost all Canadians, will be replaced by the Canada Worker Lockdown Benefit, which is available only to those currently in lockdown.
- Finance Minister Chrystia Freeland described the new policy as "insurance" against future lockdowns.
- The government is also launching a program to support employers most affected by the pandemic.
*Canadian stock prices are as of the last close. Data received directly from the references indexes through ICE Data Services