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Canada's budget bill passes Senate, extending pandemic aid programs

Wednesday, June 30, 2021
Canada's budget bill passes Senate, extending pandemic aid programs © Reuters. FILE PHOTO: Canadian Prime Minister Justin Trudeau speaks to reporters next to Canadian Deputy Prime Minister and Finance Minister Chrystia Freeland and Minister of Intergovernmental Affairs Dominic LeBlanc on Parliament Hill in Ottawa, Ontario, Canada Au

OTTAWA (Reuters) - Canada's Senate on Tuesday adopted Prime Minister Justin Trudeau's government's budget bill, the final step in extending COVID-19 supports through the summer and ahead of a likely election in the fall.

Bill C-30 passed the Senate 63-to-19 late in the evening. Trudeau's Liberals, who have a minority, last week pushed the bill through the House of Commons with the help of the opposition New Democrats and Bloc Quebecois.

The bill - Canada's first budget in more than two years - contained extensions to key aid programs, such as the wage subsidy to help employers pay workers and supports to help businesses pay their rent.

Two other bills - criminalizing LGBT conversion therapy and regulating programming on streaming services like Netflix (NASDAQ:NFLX) - were referred back to committee, likely leaving them to be dealt with after the summer break.

The Senate, or upper chamber, added two sitting days this week to deal with a raft of bills approved by House lawmakers last week ahead of their summer break.

Critics have said the Liberals are trying to rush legislation ahead of a likely election in the fall.

Trudeau has publicly played down election talk, but sources told Reuters he was aiming for a September snap election to capitalize on Canada's emergence from the COVID-19 pandemic. The hope would be to secure a majority.

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

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01-05-2024 10:45:17 (UTC+7)

EUR/USD

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EUR/USD

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USD/JPY

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AUD/USD

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USD/CAD

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 EUR/USD1.0658↑ Sell
 GBP/USD1.2475↑ Sell
 USD/JPY157.91↑ Buy
 AUD/USD0.6469Neutral
 USD/CAD1.3780↑ Buy
 EUR/JPY168.32↑ Buy
 EUR/CHF0.9808Neutral
 Gold2,295.80↑ Sell
 Silver26.677↑ Sell
 Copper4.5305↑ Buy
 Crude Oil WTI81.14↑ Sell
 Brent Oil85.62↑ Sell
 Natural Gas1.946↑ Sell
 US Coffee C213.73↑ Sell
 Euro Stoxx 504,920.55↑ Sell
 S&P 5005,035.69↑ Sell
 DAX17,921.95↑ Sell
 FTSE 1008,144.13Sell
 Hang Seng17,763.03↑ Sell
 Small Cap 20001,973.05↑ Sell
 IBEX 3510,854.40Neutral
 BASF49.155↑ Sell
 Bayer27.35↑ Sell
 Allianz266.60↑ Sell
 Adidas226.40↑ Sell
 Lufthansa6.714Neutral
 Siemens AG175.90↑ Sell
 Deutsche Bank AG15.010Neutral
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