Trudeau announces new money to help during COVID-19 crisis

Prime Minister Justin Trudeau says the federal government will spend up to $82 billion on measures to support the Canadian economy through the COVID-19 pandemic.

The money will come through a combination of direct supports for workers and businesses and tax deferrals.

Trudeau had announced the $10 billion in credit help last week. Today, he announced another $27 billion for residents and $55 billion for businesses.

That works out to 3% of the GDP.

This is a developing story, more to come.