>> Rosemary: HELLO, THERE.
I'M ROSEMARY BARTON HERE IN 
OTTAWA.
THANK YOU FOR JOINING US.
WE'RE STANDING BY AS WE DO FOR 
THE PRIME MINISTER'S DAILY 
PANDEMIC UPDATE.
HE IS EXPECTED TO TALK MORE 
ABOUT A NEW GOVERNMENT SUPPORT 
PLAN FOR BUSINESSES IMPACTED BY 
COVID-19.
IT WAS RELEASED JUST OVER AN 
HOUR AGO BY FEDERAL FINANCE 
MINISTER BILL MORNEAU.
TOR IT IS A PROGRAMME GEARED TO 
MID-SIZE AND MUCH LARGER 
BUSINESSES.
THE GOVERNMENT CALLS IT LEIF, 
AN ACRONYM FOR A LONG, CLUNKY 
NAME.
THE LARGE EMPLOYER EMERGENCY 
FINANCING FACILITY PROGRAMME.
GOVERNMENTS ARE GOOD AT THAT.
ITS CORNERSTONE, THOUGH, IN 
MINISTER MORNEAU'S WORDS TO 
HELP INSOLVENCIES TO TRY TO 
KEEP THESE BIG COMPANIES ALIVE 
UNTIL THE ECONOMY IS BACK.
OF COURSE, WE WILL ALSO TAKE 
YOU TO QUEBEC WHERE IT IS A 
BACK-TO-SCHOOL DAY IN MOST OF 
THE PROVINCE.
BUT IN A VERY DIFFERENT WAY.
FOR THOUSANDS OF KIDS OUTSIDE 
THE GREATER MONTREAL REGION, 
ELEMENTARY SCHOOLS AND DAYCARES 
ARE GRADUALLY RE-OPENING 
STARTING TODAY.
I SHOULD MENTION IT IS NOT 
MANDATORY AT THIS STAGE TO SEND 
YOUR KIDS BACK AND WE'LL TALK 
TO A COUPLE OF PEOPLE STRUGLING 
WITH THAT DECISION.
LET'S GO TO THIS MAJOR PIECE OF 
POLICY ANNOUNCED EARLIER THIS 
MORNING BY BILL MORNEAU AND 
NAVDEEP BAINS.
I'LL BRING IN MY COLLEAGUES, 
THE CBC'S DAVID COCHRANE AND 
THE HOST OF "POWER & POLITICS", 
VASSY KAPELOS.
GOOD TO SEE YOU BOTH.
SO THIS IS A MAJOR ANNOUNCEMENT 
DONE AT 9:30 BECAUSE OF THE 
MARKETS AND THE IMPACTS THAT 
THIS COULD HAVE ON THE MARKETS.
AND THE QUESTION EVERYBODY SORT 
OF HAD WAS IS THIS THE 
SO-CALLED SECTORAL AID PACKAGE 
THAT AIRLINES AND TOURISM HAD 
BEEN ASKING FOR AND HOW WILL IT 
HELP THOSE SECTORS?
AND I THINK THE SHORT ANSWER IS 
YES, SORT OF.
THIS IS WHAT -- THIS IS WHAT 
THE GOVERNMENT HAS COME UP WITH.
VASSY, OVER TO YOU.
>> Vassy: YEAH.
I THINK "YES, SORT OF" IS THE 
PERFECT WAY TO PUT IT.
THE WAY IN WHICH IT IS 
PRESENTED IS NOT AS AN AID 
PACKAGE DIRECT LITTLE FOR THE 
AIRLINES OR DIRECTLY FOR THE 
OIL SECTOR.
BUT WE KNOW OVER THE LAST SIX 
TO EIGHT WEEKS THAT THOSE TWO 
SECTORS HAVE BEEN PARTICULARLY 
HARD HIT.
WE KNOW THE ENTIRE ECONOMY IS 
HARD HIT.
WHEN YOU LOOK AT THE OIL PATCH, 
FOR EXAMPLE, THEY HAVE THE 
DOUBLE WHAMMY OF A PRICE WAR 
COMBINED WITH DEPRESSED DEMAND 
AND THEN WHEN YOU LOOK AT THE 
AIRLINE AND A TOURISM INDUSTRY, 
MORE LARGELY, THEY HAVE 
COMPLETELY STOPPED FOR THE MOST 
PART OPERATING.
I THINK AIR CANADA TOOK A $1 
BILLION LOSS ON THE LAST 
QUARTER AND THAT IS BEFORE 
EVERYTHING REALLY HIT.
THAT ONLY INVOLVES ABOUT TWO 
WEEKS OF THIS PANDEMIC.
SO, THE WAY IN WHICH IT IS 
BEING PRESENTED IS NOT AS 
DIRECT SUPPORT OR DIRECTED 
TOWARDS THOSE SPECIFIC SECTORS.
BUT MORE BROADLY SPEAKING TO 
BIG COMPANIES THAT NEED SOME 
LIQUID THETY, THAT NEED SOME 
MONEY TO GET THROUGH THIS.
SO IT'S KIND OF LIKE A BRIDGE 
PROGRAMME TO GET YOU TO THE 
OTHER SIDE OF THE PANDEMIC, 
WHICH IS VERY MUCH SIMILAR TO 
THE KIND OF AID OFFERED SO FAR 
TO SMALLER AND MEDIUM-SIZED 
BUSINESSES.
I THINK THERE ARE, THOUGH, 
BECAUSE OF THE NATURE OF THIS, 
BECAUSE OF THE FACT THAT IT'S 
BIG COMPANIES WE'RE TALKING 
ABOUT, A LOT OF QUESTIONS FOR 
THE GOVERNMENT ABOUT HOW THIS 
IS GOING TO WORK.
AND MY PRIMARY QUESTION IS HOW 
TRANSPARENT WILL IT BE?
IN THE PAST, WHEN THERE HAS 
BEEN AID AND OBVIOUSLY IT HAS 
BEEN DIFFERENT -- QUOTE-UNQUOTE 
-- BAILOUTS VERSUS LOANS.
THIS IS A LOAN.
BUT IN THE PAST, THERE HAS BEEN 
A LACK OF TRANSPARENCY ABOUT 
HOW THOSE LOANS WERE MADE, WHAT 
THE CONDITIONS ATTACHED TO THEM 
WERE.
THERE WERE SOME CONDITIONS, FOR 
EXAMPLE, IN 2008-2009.
BUT WE STILL SEE THINGS 
HAPPENING, LIKE PART OF THE 
LOAN BEING WRITTEN OFF YEARS 
LATER OR A PLANT CLOSING.
I THINK FOR CANADIANS WHO ARE 
WATCHING TODAY, THEIR PRIMARY 
CONCERN IS IF YOU ARE GOING TO 
USE MONEY, TAXPAYER MONEY TO 
HELP BIG COMPANIES, WHICH HAVE 
BEEN AT TIMES VERY PROFITABLE 
WEATHER THIS STORM, PLEASE MAKE 
SURE THEY END UP EMPLOYING 
CANADIANS FOR A WHILE.
THAT THEY KEEP THEIR BUSINESS 
IN THIS COUNTRY.
AND THAT THERE IS SOME LEVEL OF 
ACCOUNTABILITY FOR THE MONEY 
THAT THEY ARE ABLE TO ACCESS.
NOW THE GOVERNMENT DOES SAY 
THAT THERE WILL BE STRINGS 
ATTACHED.
FOR EXAMPLE, LIMITS ON 
EXECUTIVE PAY, DIVIDENDS, SHARE 
BUYBACKS.
THEY CAN'T BE ALREADY INVOLVED 
IN INSOLVENCY PROCEEDINGS SO 
YOU CAN'T BE FACING BANKRUPTCY 
AND THIS IS JUST PULLING YOU 
OUT OF THAT.
THEY HAVE TO RESPECT COLLECTIVE 
AGREEMENTS WITH UNIONS.
SO FOR EXAMPLE, PENSIONS WOULD 
BE PART OF THAT.
BUT THERE'S STILL A LOT OF FINE 
PRINT MISSING.
YOU KNOW, HOW MUCH WILL 
EXECUTIVE PAY BE LIMITED.
YOU KNOW, THINGS LIKE THAT.
I THINK OBVIOUSLY IT IS GOING 
TO BE DEPENDENT ON THE SPECIFIC 
TERMS OF THE LOAN AND THE 
SPECIFIC COMPANY TO A CERTAIN 
DEGREE.
BUT THOSE QUESTIONS, I THINK, 
ARE IMPORTANT ONES FOR 
CANADIANS WHO ARE ABOUT TO FORK 
OVER A LOT OF CASH.
>> Rosemary: YEAH.
IT IS NOTABLY DIFFERENT FROM 
THE AUTO BAIL OUT PLAN THAT YOU 
WROTE ABOUT OVER THE WEEKEND, 
VASSY , IN THAT WE WILL NOT END 
UP HAVING AN EQUITY STAKE IN 
ANY OF THESE COMPANIS SO WE 
WON'T BE ABLE TO INFLUENCE THEM 
IN THE SAME WAY WE DID WHEN IT 
CAME TO THE AUTO BAILOUT, EVEN 
THOUGH THERE ARE ALL OF THOSE 
CONDITIONS AND THAT WILL BE 
INTERESTING TO SEE BECAUSE THAT 
WAS SORT OF AN INCENTIVE FOR 
AUTO COMPANIES TO GET THE 
GOVERNMENT THEIR MONEY BACK AND 
GET THEM OUT OF THEIR HAIR AND 
THEIR PRIVATE BUSINESS.
IN THIS CASE, THEY ARE REALLY 
PRESENTING IT AS BRIDGE 
FINANCING AND, DAVID, I KNOW 
YOU'VE BEEN WATCHING THIS AS 
WELL.
ONE OF THINGS THAT STRUCK ME 
FROM NAVDEEP BAINS SAID, IT'S 
NOT ABOUT ONE SECOND, TO BUT 
ALL SECTORS HAVING THE ABILITY 
TO NAVIGATE THROUGH THIS CRISIS.
>> Reporter: YEAH.
ONE PERSON'S BRIDGE IS ANOTHER 
PERSON'S BAILOUT.
BUT THIS IS REALLY DESIGNED TO 
HELP BIG COMPANIES.
WE'VE PUT A CREDIT FLOOR UNDER 
SMALL COMPANIES WITH THE 
$40,000 CREDIT LINE.
THERE'S BEEN UP TO $6 MILLION 
IN CREDIT AVAILABLE TO 
MEDIUM-SIZED COMPANIES.
NOW $60 MILLION OR MORE FOR 
LARGE COMPANIES DESCRIBED IN 
THIS PROGRAMME AS COMPANIES 
WITH ANNUAL REVENUE OF MORE 
THAN $300 MILLION.
SO, WE'RE TALKING ABOUT THE 
BIGGEST BIG PLAYERS IN THE 
CANADIAN ECONOMY WHO, DESPITE 
THEIR LARGE SIZE, THEIR LARGE 
PROFITS IN THE PAST AND THE 
RETAINED EARNINGS, MAY STILL 
END UP IN THE SITUATION WHERE 
THEY SAY SHAG IT, WE HAVE TO 
LAY PEOPLE OFF.
WE CAN'T KEEP GOING.
SO, LOANS OF $60 MILLION OR 
MORE, TO PUT IT IN CONTEXT.
THE AUTO BAILOUT 10, 12 YEARS 
AGO THAT WAS $13.7 BILLION JUST 
FOR G.M. AND CHRYSLER.
IT'S NOT EVEN IN THAT ORDER OF 
MAGNITUDE AND IT SEEMS THAT 
THIS IS SORT OF A CREDIT BRIDGE 
TO TRY TO AVOID THE BAILOUT.
TO FIND A WAY  FOR PEOPLE TO 
STAY IN OPERATIONS AND GET TO 
THAT INSOLVENCY LEVEL WHERE A 
LARGE-SCALE BAILOUT IS, IN 
FACT, REQUIRED.
I DON'T KNOW IF THIS PRECLUDES 
IT.
ONE OF THE THINGS WE HEARD FROM 
NAVDEEP BAINS EARLIER THIS 
MORNING IS THEY'RE LOOING AT 
THE PAIN POINTS IN THE ECONOMY.
AND THEY'RE DOING SECTOR BY 
SECTOR ANALYSIS TO SEE WHICH 
SECTORS ARE DOING WORSE THAN 
OTHERS.
AND I THINK IN SOME WAYS THE 
POLITICAL CONVERSATION AND THE 
JOURNALISTIC CONVERSATION ABOUT 
THE NEED FOR SECTORAL BAILOUT 
TOO NARROW.
WE CAN TALK ABOUT ENERGY/OIL, 
AIRLINES AND HOSPITALITY.
BILL MORNEAU MENTIONED A 
DIFFERENT ONE THIS MORNING THAT 
SLIPED OUR ATTENTION.
NONESSENTIAL RETAIL.
IF YOU ARE NOT ALLOWED TO 
OPERATE AND YOU CAN'T DO 
CURBSIDE PICKUP, YOU ARE IN A 
REALLY TOUGH SPOT RIGHT NOW AND 
THERE ARE BIG CHAINS WHO ARE 
SITING WITH LOTS OF INVENTORY 
THAT THEY CAN'T MOVE WITH 
EMPLOYEES TO TRY TO KEEP ALIVE.
SO, THIS EXTENSION OF CREDITS 
TO THE BIG PLAYERS STACKED ON 
TOP OF THE WAGE SUBSIDY GIVES 
THEM THE TOOLS THEY NEED TO 
KEEP THE WORKFORCE IN TACT FOR 
THE NEXT LITTLE WHILE.
BECAUSE ONE OF THE OTHER 
QUESTIONS BILL MORNEAU WAS 
ASKED TODAY IS HOW LONG WILL 
THIS BE IN PLACE FOR?
NOBODY CAN GIVE YOU ANY KIND OF 
A SPECIFIC TIMEFRAME ON ANY OF 
THESE PROGRAMMES BECAUSE, AS 
WE'RE SEEING IN OTHER COUNTRIES 
THAT ARE RE-OPENING, THEY'RE 
GETTING SPIKES IN THEIR CASES 
SO WE DON'T YET KNOW WHAT THE 
CANADIAN EXPERIENCE WILL BE 
LIKE GOING FORWARD.
>> Rosemary: AND YOU'RE RIGHT 
TO FLAG THE RETAIL SECTOR 
BECAUSE 2.1 MILLION CANADIANS 
WORK IN THAT INDUSTRY.
IT IS NOT A SMALL AMOUNT OF 
PEOPLE.
VASSY, I WANT YOUR THOUGHTS 
ABOUT THE OIL AND GAS INDUSTRY 
BECAUSE THERE IS INSIDE WHAT 
WE'VE SEEN SO FAR, WE DON'T 
KNOW ALL CONDITIONS FOR HOW THE 
TOOL WORKS.
BUT THERE IS CERTAINLY A 
CONDITION AROUND CLIMATE CHANGE.
IT SAYS THAT COMPANIES HAVE 
PUBLISHED RELATED DISCLOSURE 
AND HOW FUTURE OPERATIONS WILL 
SUPPORT GOALS.
THERE ARE LOTS OF COMPANIES IN 
ALBERTA THAT ARE COMMITED TO 
CLIMATE CHANGE AND ARE ACTIVELY 
DOING THINGS.
I'M NOT SURE THAT WOULD BE THE 
CASE FOR ALL OR WHAT THAT WOULD 
LOOK LIKE AND GIVEN THE THINGS 
THAT JASON KENNEY HAS SAID IN 
THE PAST NUMBER OF WEEKS, I 
WONDER IF THIS IS GOING TO 
ANSWER THE DEMANDS OF THE 
PREMIER.
>> Vassy: YEAH.
THAT IS MY BIGGEST QUESTION, 
TOO.
ESTIMATES THAT THE PROVINCE HAD 
PUT ON A KIND OF LIQUIDITY THAT 
BIGGER COMPANIES IN THE PAST 
NEEDED WAS, YOU KNOW, AS LITTLE 
AS -- AT LEAST $20 MILLION.
SO YOU'RE LOOKING AT $20 TO $30 
BILLION.
I'M NOT REALLY SURE, BASED ON 
WHAT THE ANNOUNCEMENT WAS WE 
HEARD TODAY, IF THIS FILLS THAT 
NEED.
I DON'T KNOW, TO BE TOTALLY 
HONEST.
BUT I THINK THAT IS GOING TO BE 
THE QUESTION THAT THE PATCH IS 
GOING TO HAVE.
AS FAR AS THE CLIMATE 
CONDITIONS, AND THAT IS FOR 
RECIPIENT COMPANIES.
SO NOT COMPANIES NECESSARILY 
THAT ARE APPLYING, BUT IF YOU 
GET THE MONEY, YOU HAVE TO 
DISCLOSE BASICALLY WHAT YOU'RE 
DOING AS FAR AS CLIMATE CHANGE 
AND IF IT FITS INTO THE 
GOVERNMENT'S PLAN.
THAT IS A PRETTY BROADWAY TO 
LOOK A IT.
I DON'T KNOW, FOR EXAMPLE, HOW 
IT IS GOING TO BE ANALYZED.
HOW DO YOU KNOW IF -- OK.
DOES THIS FIT INTO THE PLAN.
IF IT DOESN'T FIVE-YEARS FROM 
NOW, DOES THAT MEAN YOU PULL 
THE MONEY BACK?
I DON'T THINK THE DETAILS OF 
THAT ARE VERY CLEAR.
THE ONE THING -- THE CAVEAT I 
WOULD ADD IS ACTUALLY WITH BIG 
COMPANIES, THE BIG OIL 
COMPANIES ARE WAY AHEAD OF THE 
GAME COMPARED TO THE SMALLER 
ONES.
AT LEAST WHEN IT COMES TO 
TRANSPARENCY AROUND CLIMATE 
CHANGE POLICIES.
MANY OF THEM, FOR EXAMPLE, WERE 
LEADING THE CHARGE FOR A CARBON 
TAX OVER THE PAST COUPLE OF 
YEARS.
WHAT THEY WANTED WAS CERTAINTY, 
NOT THERE TO BE NO PUNISHMENT 
OR NO SORT OF PENTIZATION FOR 
CARBON EMISSIONS.
THEY JUST WANTED CERTAINTY AND 
THOSE BIG COMPANIES AND 
PARTICULARLY LET'S TAKE 
SUNCORCENOVUS.
THOSE ARE ONES THAT, FROM MY 
UNDERSTANDING IN SPEAKING WITH 
OFFICIALS, WERE SORT OF BEING 
THOUGHT ABOUT WHEN CRAFTING 
THIS POLICY.
SO THOSE ARE TYPICAL COMPANIES 
THAT WOULD BENEFIT FROM 
SOMETHING LIKE THIS, BUT 
POLITICALLY SPEAKING, THERE ARE 
GOING TO BE A LOT OF QUESTIONS 
FOR THIS GOVERNMENT, RIGHT?
THEY RAN ON AN AGENDA THAT, OF 
COURSE, WAS VERY 
CLIMATE-FOCUSED.
IT'S HARD IN THIS ENVIRONMENT 
DURING A PANDEMIC TO TELL THESE 
BIG COMPANIES THAT EMPLOY TENS 
OF THOUSANDS OF CANADIANS NO, 
SORRY, YOU DON'T QUALIFY.
I THINK THIS MEASURE AROUND 
DISCLOSING CLIMATE PLANS IS 
CERTAINLY MEANT TO ALLAY THOSE 
CONCERNS.
BUFF I CAN IMAGINE THAT BAILING 
OUT BIG OIL COMPANIES -- AND I 
KNOW IT IS NOT A BAILOUT -- BUT 
A BIG LOAN THAT WILL EVENTUALLY 
TIDE THEM OVER IS NOT 
NECESSARILY GOING TO GO OVER 
WITH SOME OF THE CONSTITUENCIES 
THAT VOTED FOR THE LIBERAL IN 
THE FIRST PLACE.
CLEARLY THEY HAVE MADE THE 
DECISION TO DO SO.
BUT THERE ARE, YOU KNOW, THERE 
IS A POLITICAL CON TO *EX ALL O 
THIS AS WELL.
>> Rosemary: THAT IS FOR SURE.
AND I THINK THE LANGUAGE AROUND 
IT IS PROBABLY VERY INTENTIONAL 
AS WELL.
THE FACT THAT NO ONE IS WANTING 
TO CALL IT A BAILOUT AND THE 
FACT THAT IT IS A LOAN, 
PROBABLY DAVID -- I'LL GET YOUR 
THOUGHTS ON THIS -- PROBABLY 
DOES INCIDENT  -- INSULATE THE 
LIBERALS A LITTLE BIT WITH THE 
CRITICISM THAT THEY GOT THAT 
THEY WERE HANDING OVER MONEY TO 
THE OIL AND GAS COMPANIES, 
PROVIDED THAT THEY GET IT BACK.
>> Reporter: I THINK, QUITE 
FRANKLY WHAT HAS BEEN HAPPENING 
EVERY DAY SINCES THE 13TH OF 
MARCH S A CANADIAN-WIDE BAILOUT 
THAT'S BEING BUILT PIECE BY 
PIECE BY PIECE.
WHETHER IT'S FOR FAMILIES, 
SMALL BUSINESS, ALL OF IT TAKEN 
IN ITS TOTALITY, YOU WILL BE 
NORTH OF $300 OR $400 BILLION 
IN DIRECT SPENDING OR LOANS OR 
DEFERRED TAXES ONCE ALL OF THIS 
IS DONE.
I DO THINK, YES, THERE WAS AN 
ACUTE SENSITIVITY TO BE SEEN TO 
JUST PUT MONEY INTO LARGE-SCALE 
OIL COMPANIES GIVEN THE MAKEUP 
OF THEIR CAUCUS OR VOTING BASE 
THAT THE LIBERALS APPEAL TO.
GO BACK TO THE TECK FRONTIER 
DECISION WHERE THERE WAS 
MASSIVE DIVISIONS INSIDE THE 
LIBERAL CAUCUS OVER WHETHER TO 
APPROVE A PROJECT FROM A 
PROPONENT THAT WAS PLAYING BALL 
WITH ALL OF THE CLIMATE 
REQUIREMENTS THAT THE LIBERALS 
WERE KIND OF PUTTING ON THE 
TABLE.
BUT A LARGELY URBAN AND EASTERN 
ENVIRONMENTAL CAUCUS HAD GREAT 
DISCOMFORT WITH IT.
ALREADY YOU'RE SEEING SOME 
REACTION TO THIS FROM PEOPLE 
LIKE JAGMEET SINGH, THE N.D.P. 
LEADER, WHO IS TAKING 
PARTICULAR AIM AT THE IDEA OF 
TAX EVASION AND TAX HAVENS 
WHERE THE GOVERNMENT HAS SAID 
IF YOU'VE BEEN CONVICTED OF TAX 
EVASION, YOU WILL NOT QUALIFIED 
FOR THIS.
THAT'S FINE.
BUT MAYBE THEY ARE STRUCTURED 
IN A WAY THAT THEY MOVE TO A 
LOW-TAX STATE IN THE UNITED 
STATES SO THEY CAN BE FULL 
PARTICIPANTS OF NAFTA AND STILL 
PARTICIPATE IN THE CANADIAN 
ECONOMY, BUFF THEY A-- BUT THEY 
AVOID PAYING THE HIGHER 
CANADIAN TAXES, OR WHATEVER  
JURISDICTION THEY MOVE TO.
WHATEVER PROGRAMME THEY PUT 
OUT, IT IS GOING TO BE ATTACKED 
AND CRITICIZED FOR WHO IT 
LEAVES OUT OR WHO IT PUTS IN, 
BASED ON THE OUTLOOK AND THE 
POLITICAL VIEWPOINT OF THE 
CRITIC THAT IS SPEAKING.
BUT THIS IS A BIG MOVE FOR BIG 
COMPANIES AND I THINK, ROSIE, 
IT SHOWS US THE VULNERABILITY 
THAT EXISTS THROUGHOUT THE 
CANADIAN ECONOMY.
IT WAS OBVIOUS TO SEE THE SMALL 
AND MEDIUM-SIZED BUSINESSES 
WOULD HAVE TROUBLE.
THERE ARE STILL A LOT OF ISSUES 
TO BE RESOLVED AROUND 
COMMERCIAL RENTS, THE PROGRAMME 
THAT HAS BEEN ROLLED OUT IS 
CLUNKY AND NOT GETTING EXACTLY 
RAVE REVIEWS THE WAY SOME OF 
THE MORE STREAMLINED AND 
COHERENT AID PROGRAMMES ARE.
BUT THIS ONE, THERE'S A LOT OF 
BIG COMPANIES THAT WILL QUALIFY 
FOR AID THAT A LOT OF PEOPLE 
ARE JUST NOT GOING TO LIKE.
YOU KNOW, WHEN YOU'RE TRYING TO 
PUT A FLOOR UNDER A G-7 ECONOMY 
AND HAVE ENOUGH CAPACITY THAT 
WHEN THINGS DO START TO LIFT, 
YOU CAN COME BACK AND KEEP 
PEOPLE EMPLOYED, THERE ARE SOME 
CHOICE YOU HAVE TO MAKE THAT 
ARE GOING TO CARRY WITH THEM 
SOME POLITICAL UNPOPULARITY AND 
MAKING THIS AS UNIVERSAL AS 
POSSIBLE CERTAINLY INSULATES 
THEM FROM THAT SPECIFIC 
CRITICISM THAT THEY'RE DOING 
THIS SPECIFICALLY FOR THE 
FOSSIL FUEL INDUSTRY.
>> Rosemary: YEAH.
AND IT HELPS, I THINK, IN SOME 
WAYS AS THE PRIME MINISTER HAS 
SAID EVERY DAY, THAT THEY 
DECIDED TO HELP INDIVIDUAL 
CANADIANS FIRST WITH THE CERB 
SO THERE WAS A SORT OF RAMP-UP 
OF HOW THEY WOULD DEAL WITH ALL 
OF THIS.
I'M NOT SURE IF WE'RE TWO 
MINUTES AWAY.
BUT I'M GOING TO TRY TO SQUEEZE 
IN A GUEST, IF I CAN.
JODIE BRECKENRIDGE IS A BHAORNL 
LIVES IN SHERBROOK AND SHE'S 
DECIDED NOT TO SEND HER SON 
BACK TO SCHOOL.
JODIE, GOOD TO SEE YOU.
HOW ARE YOU?
>> FINE.
HOW ARE YOU?
>> Rosemary: I'M GOOD.
I MAY CUT YOU OFF FOR THE PRIME 
MINISTER.
FORGIVE ME IF I DO.
TELL ME WHY YOU DECIDED NOT TO 
SEND YOUR SON BACK TO SCHOOL 
TODAY.
>> SIMPLY BECAUSE THERE IS NOT 
ENOUGH PROOF OUT THERE THAT WE 
CAN FORM OUR ANTIBODIES 
NATURALLY TO FIGHT THIS DISEASE.
IT'S JUST PLAIN AND SIMPLE.
>> Rosemary: AND EVEN WITH THE 
MEASURES THAT THE SCHOOL HAS 
PUT IN PLACE, OR IS REQUIRED TO 
PUT IN PLACE AROUND PHYSICAL 
DISTANCING, 15 KIDS PER ROOM, 
THAT WAS NOT ENOUGH TO 
RE-ASSURE YOU THAT YOUR SON -- 
I'M NOT SURE HOW OLD HE IS, 
HE'S YOUNGER -- BUT THAT HE 
WOULD BE ABLE TO FOLLOW THOSE 
RULES?
>> I DON'T HAVE AN ISSUE WITH 
HIM FOLLOWING THE RULES.
HE IS 11 SO HE KNOWS, YOU KNOW, 
KIND OF THE -- AND HE'S 
EDUCATED ABOUT WHAT'S GOING ON.
IT'S MORE -- IT'S MORE -- 
THERE'S NOT GOING TO BE ANY 
KIND OF, YOU KNOW, NEW 
MATERIALS TAUGHT OR ANYTHING 
ELSE AND HE WILL BE BETTER OFF 
AT HOME.
THIS WAY HE'LL GET PHYSICAL 
ACTIVITY AND MORE STIMULATION 
HERE THAN HE WOULD BACK IN A 
CLASSROOM.
>> Rosemary: I GUESS THAT MEANS 
YOU ARE IN A POSITION TO KEEP 
HIM AT HOME, THOUGH, I GUESS.
RIGHT?
>> YES, WE ARE.
WE'RE VERY FORTUNATE.
TO BE ABLE TO STAY AT HOME AND 
BECOME MORE INVOLVED.
>> Rosemary: DO YOU THINK IT 
MAKES SENSE FOR KIDS TO BE 
GOING BACK AT ALL?
>> LOOK AT -- GIVEN THE 
TIMEFRAME, NO, I DON'T.
THEY'RE NOT GOING TO BE IN 
SCHOOL FOR VERY LONG, ONLY A 
FEW WEEKS.
AND AS I MENTIONED EARLIER, 
THERE'S -- THEY CAN'T TEACH ANY 
NEW MATERIAL.
SO IT'S JUST GOING TO BE BASIC 
COGNITIVE STIMULATION FROM WHAT 
I UNDERSTAND.
AND THEY CAN'T REALLY 
SOCIALIZE, THEY CAN'T GO OUT 
AND PLAY, THEY CAN'T DO THE 
STUFF THAT THEY NORMALLY DO 
WITH THEIR FRIENDS.
SO, I DON'T THINK IT MAKES A 
LOT OF SENSE.
>> Rosemary: BY SEPTEMBER, WE 
MIGHT BE DOING BETTER, BUT 
STILL NOT WHERE WE NEED TO BE.
WE CERTAINLY WON'T HAVE A 
VACCINE.
WHAT WILL IT TAKE FOR YOU TO 
FEEL SAFE ENOUGH TO SEND YOUR 
SON BACK TO SCHOOL?
>> WELL, FIRST OF ALL, THE 
NUMBERS HAVE TO DROP.
YOU KNOW?
PEOPLE, NEW CASES, DEATHS AND 
SO ON AND SO FORTH.
ALSO I THINK GIVEN MORE TIME TO 
THE SCHOOL SYSTEM SO THAT THEY 
CAN COME UP WITH BETTER 
MEASURES.
I FEEL THAT EVERYTHING WAS 
RUSHED FOR THE TEACHERS, FOR 
THE STUDENTS, FOR ALL STAFF 
INVOLVED IN OUR EDUCATION 
SYSTEM.
>> Rosemary: OK.
I NEED TO CUT YOU OFF BECAUSE 
THE PRIME MINISTER IS SPEAKING.
I HOPE YOU DON'T MIND.
[LAUGHTER]
HE'S POPPED ON.
MY BEST TO YOU AND TO YOUR 
FAMILY AND TO YOUR SON.
TAKE CARE OF YOURSELVES.
THANKS FOR SPEAKING WITH US.
>> Prime Minister Trudeau: 
GOING ABOVE AND BEYOND NOT JUST 
THESE DAYS, BUT EVERY DAY.
FRENCH FRENCH 
[SPEAKING FRENCH]
>> Interpreter: I'D LIKE TO 
BEGIN BY SAYING THIS IS THE 
NATIONAL NURSING WEEK.
NURSES ARE AT THE VERY HEART OF 
OUR HEALTH CARE SYSTEM.
EVERY DAY THEY'RE DOING AN 
OUTSTANDING JOB TO KEEP US ALL 
HEALTHY AND THE WAY THEY 
SUPPORT PEOPLE DURING THIS 
PANDEMIC REFLECTS THEIR 
COMPASSION, THEIR ROW SILL  -- 
RESILIENCE AND THEIR DEDICATION.
TO ALL THE NURSES OUT THERE, 
THANK YOU FOR EVERYTHING YOU'RE 
DOING, NOT JUST THESE DAYS, BUT 
EVERY SINGLE DAY.
>> Prime Minister Trudeau: 
SINCE THE BEGINNING, OUR 
RESPONSE TO THE COVID-19 
PANDEMIC HAS BEEN DRIVEN BY 
THREE FUNDAMENTAL OBJECTIVES.
THE FIRST IS TO KEEP CANADIANS 
SAFE AND A ENSURE WE TAKE EVERY 
POSSIBLE STEP TO PROTECT OUR 
MOST VULNERABLE CITIZENS.
THIS WORK CONTINUES DAILY, 
GUIDED BY OUR BEST DOCTORS AND 
MEDICAL EXPERTS AND IT DRIVES 
EVERY MOVE WE MAKE.
THE SECOND IS TO PROTECT 
INDIVIDUALS, WORKERS AND 
FAMILIES FROM THE WORST 
FINANCIAL IMPACTS OF THIS 
PANDEMIC SO YOU CAN PUT FOOD ON 
THE TABLE AND COVER YOUR BILLS 
WHILE STAYING SAFE.
WE'RE DOING THAT WITH 
PROGRAMMES SUCH AS THE CANADA 
EMERGENCY RESPONSE BENEFIT.
THE INCREASE IN THE CANADA 
CHILD BENEFIT THIS MONTH AND 
THE ENHANCED G.S.T. TAX CREDIT 
AMONG OTHER MEASURES.
AND THIRDLY, WE'RE HELPING 
CANADIAN BUSINESSES THROUGH 
THIS EXTRAORDINARY TIME.
INCLUDING FOR PROFIT, 
NOT-FOR-PROFIT AND CHARITABLE 
ENTERPRISES TO ENSURE THAT 
WORKERS ACROSS CANADA CAN KEEP 
THEIR JOBINGS.
SO WE CAN COME ROARING BACK 
AFTER THIS DIFFICULT TIME IS 
BEHIND US.
[SPEAKING FRENCH]
>> Interpreter: TODAY, I AM 
ANNOUNCING THE NEXT PHASE OF 
OUR SUPPORT MEASURES FOR 
BUSINESSES WHICH COLLECTIVELY 
EMPLOY MILLIONS OF CANADIANS 
AND WHO HAVE SUFFERED 
UNPRECEDENTED LOSSES BECAUSE OF 
THE PANDEMIC.
WE WILL BE EXTENDING THE 
BUSINESS CREDIT PROGRAMME THAT 
WAS INITIALLY CREATED SO THAT 
SMALL BUSINESSES CAN REMAIN 
FINANCIALLY SOUND BY INCLUDING 
MID-SIZED BUSINESSS THAT NEED 
MORE CAPITAL.
EXPORT DEVELOPMENT CANADA AND 
THE BUSINESS DEVELOPMENT CANADA 
WILL BE WORKING WITH PRIVATE 
SECTOR LENDERS TO INCREASE 
ACCESS TO CAPITAL BY MANY TENS 
OF MILLIONS OF DOLLARS FOR 
CANADIAN COMPANIES IN ALL 
INDUSTRY SECTORS AND ALL 
REGIONS OF THE COUNTRY.
WE WILL ALSO BE INTRODUCING THE 
LARGE EMPLOYER EMERGENCY 
FINANCING FACILITY TO HELP 
LARGE EMPLOYEES -- LARGE 
COMPANIES THAT CANNOT RECEIVE 
FUNDING THROUGH OTHER MEANS TO 
GET THROUGH THIS CRISIS.
BUT I WANT TO BE CLEAR -- THIS 
IS BRIDGE FINANCING, NOT A 
BLANK CHEQUE.
WE'RE PROVIDING SUPPORT TO 
THESE LARGE EMPLOYERS IN ORDER 
TO PROTECT MILLIONS OF JOBS 
ACROSS THE COUNTRY.
OUR APPROACH IS BASED ON A 
NUMBER OF FUNDAMENTAL 
PRINCIPLES.
FIRST, WE WANT TO AVOID SEEING 
BUSINESSES GO UNDER.
AND THE GOAL OF THE BUSINESS 
PROGRAMME IS NOT TO FUND 
NONVIABLE COMPANIES AND IT IS 
NOT OUR INTENTION TO PROVIDE 
NONINTEREST LOANS TO COMPANIES 
THAT DON'T NEED THEM.
SECOND, WE WANT TO BE FAIR.
THIS FUNDING WILL BE ACCESSIBLE 
TO ALL SECTORS AND TO ALL 
PROVINCES AND TERRITORIES.
AND THIRD, WE WILL PROTECT THE 
PEOPLE'S JOBS.
THAT IS THE MOST IMPORTANT 
THING.
BUSINESSES THAT RECEIVE THIS 
ASSISTANCE WILL HAVE TO MAKE 
CERTAIN COMMITMENTS AND KEEP 
THEM.
FOR EXAMPLE, MAINTAIN JOBS AND 
INVESTMENTS, ABIDE BY 
COLLECTIVE AGREEMENTS AND THEIR 
OBLIGATIONS WITH RESPECT TO 
PENSIONS AND MAKE SPECIFIC 
COMMITMENTS WITH RESPECT TO THE 
ENVIRONMENT.
MORE SPECIFICALLY, THERE WILL 
BE STRICT LIMITS ON DIVIDENDS, 
SHARE BUYBACKS AND EXECUTIVE 
PAY.
IN ORDER TO COUNTER TAX EVASION 
AND TAX AVOIDANCE, BUSINESSES 
WILL HAVE TO DISCLOSE THEIR 
FINANCIAL STRUCTURE WHEN THEY 
APPLY FOR THIS FUNDING.
>> Prime Minister Trudeau: 
TODAY, I AM ANNOUNCING THE NEXT 
PHASE OF OUR SUPPORT FOR 
ENTERPRISES THAT COLLECTIVELY 
EMPLOY MILLIONS OF CANADIANS 
AND ARE EXPERIENCING 
UNPRECEDENTED LOSSES DUE TO THE 
COVID-19 PANDEMIC.
WE ARE EXPANDING THE BUSINESS 
CREDIT AVAILABILITY PROGRAMME 
PUT IN PLACE TO KEEP SMALL 
BUSINESSES SOLVENT, TO 
MID-SIZED COMPANIES WITH A 
GREATER NEED FOR CAPITAL.
EXPORT DEVELOPMENT CANADA AND 
THE BUSINESS DEVELOPMENT BANK 
OF CANADA WILL WORK WITH 
PRIVATE SECTOR LENDERS TO FREE 
UP ACCESS TO CAPITAL IN THE 
TENS OF MILLIONS, FOR CANADIAN 
COMPANIES IN EVERY INDUSTRY AND 
IN ALL REGIONS ACROSS CANADA.
AT THE SAME TIME, WE ARE 
ESTABLISHING A LARGE EMPLOYER 
EMERGENCY FINANCING FACILITY.
TO PROVIDE BRIDGE FINANCING FOR 
OUR LARGEST EMPLOYERS IF THEY 
ARE UNABLE TO OBTAIN FINANCING 
THROUGH OTHER MEANS.
BUT LET ME BE CLEAR.
THESE ARE BRIDGE LOANS, NOT 
BAILOUTS.
JUST AS WE'RE FINDING WAYS TO 
SMALL AND MEDIUM-SIZED 
BUSINESSES, WE'LL PROVIDE LOANS 
TO THE LARGEST ENTERPRISES TO 
HELP THEM WEATHER THE STORM AND 
PROTECT THE MILLIONS OF JOBS 
THEY PROVIDE ACROSS CANADA.
IN PROVIDING THE SUPPORT, WE'LL 
BE GUIDED BY SEVERAL BASIC 
PRINCIPLES.
THE FIRST IS TO AVOID 
BANKRUPTCIES.
OUR PURPOSE IS TO KEEP LARGE 
CANADIAN COMPANIES ON THEIR 
FEET AND PROTECT THE MILLIONS 
OF JOBS THEY PROVIDE.
THE GOAL HERE IS NOT TO FIX 
PREEXISTING INSOLVENCIES OR 
RESTRUCTURINGS.
NOR IS IT TO PROVIDE LOW-COST 
LENDING TO COMPANIES THAT DON'T 
NEED IT.
SECOND, WE WILL BE FAIR.
FINANCING WILL BE ACCESSIBLE TO 
EVERY INDUSTRY SECTOR IN A WAY 
THAT IS CONSISTENT IN EVERY 
PROVINCE AND TERRITORY RIGHT 
ACROSS CANADA.
AND CRITICALLY, WE  WILL 
PROTECT WORKERS AND HOLD 
COMPANIES ACCOUNTABLE.
THIS IS FUNDAMENTAL.
ANY COMPANY THAT RECEIVE THIS 
IS SUPPORT WILL BE EXPECTED TO 
MAKE AND KEEP CERTAIN 
COMMITMENTS.
THOSE INCLUDE MAINTAINING JOBS 
AND INVESTMENT, RESPECTING 
COLLECT AGREEMENTS AND PENSION 
OBLIGATIONS AND ENVIRONMENTAL 
AND CLIMATE COMMITMENTS.
IN PARTICULAR, THERE WILL BE 
STRICT LIMITS ON DIVIDENDS, 
SHARE BUYBACKS AND EXECUTIVE 
COMPENSATION.
TO STAND STRONG AGAINST TAX 
AVOIDANCE AND TAX EVASION, WE 
WILL REQUIRE COMPANIES TO SHARE 
WITH US THEIR COMPLETE 
FINANCIAL STRUCTURE AS THEY 
APPLY FOR FUNDING.
WITH THIS PROGRAMME, WE'RE 
TAKING A BOLD STEP.
IDEALLY, PRIVATE SECTOR LENDERS 
ARE ADEQUATE FOR THE NEEDS OF 
LARGE BUSINESSES.
BUT IN AN EXTRAORDINARY 
SITUATION, WHEN THAT ISN'T 
ALWAYS ENOUGH, WE MUST ACT TO 
PREVENT MASSIVE HARM TO 
CANADIAN WORKERS AND FAMILIES 
AND THE CANADIAN ECONOMY.
WE WILL NOT ALLOW MILLIONS OF 
PEOPLE TO LOSE THEIR 
LIVELIHOODS BECAUSE OF 
UNPRECEDENTED EVENTS BEYOND 
THEIR CONTROL.
FINALLY, AS WE CONTINUE TO WORK 
ON PLANS TO RE-OPEN, I WANT TO 
SAY THIS.
PLEASE LET CAUTION AND MEDICAL 
ADVICE BE YOUR GUIDES.
WE ARE ALL ANXIOUS TO SEE LIFE 
GO BACK TO SOMETHING THAT LOOKS 
MORE LIKE NORMAL.
BUT WE'RE NOT OUT OF THE WOODS 
YET.
AND WE CANNOT SQUANDER THE 
SACRIFICES WE'VE MADE OVER THE 
PAST TWO MONTHS.
WHEN IN DOUBT, IF YOU CAN, STAY 
HOME.
AVOID GATHERINGS.
WASH YOUR HANDS FREQUENTLY AND 
THOROUGHLY AND MAINTAIN TWO 
METRES' DISTANCE FROM EVERYONE 
ELSE.
THIS IS HOW WE WILL KEEP FELLOW 
CANADIANS WHO CAN'T STAY HOME 
AND THOSE WORKING ON THE 
FRONTLINES SAFE.
I'M NOW HAPPY TO TAKE YOUR 
QUESTIONS.
>> [SPEAKING FRENCH] 
>> Operator: THANK YOU.
MERCI.
FIRST QUESTION, BLOOMBERG NEWS.
LINE OPEN.
>> Reporter: HI, PRIME MINISTER.
I HAVE A QUESTION REGARDING 
LEIF.
COMPANIES WILL HAVE TO PUBLISH 
HOW THEIR BUSINESS TIES INTO 
THE GOVERNMENT SUSTAINABILITY 
OBJECTS AND WILL OIL AND GAS 
COMPANIES BE ABLE TO FULFILL 
THIS REQUIREMENT GIVEN THE 
COMMITMENT TO CANADA'S CO2 
EMISSIONS.
>> Prime Minister Trudeau:s 
WE'VE SEEN MANY OIL AND GAS 
COMPANIES MAKE COMMITMENTS 
ALREADY AROUND NET ZERO BY 
2050, AROUND UNDERSTANDING THAT 
WE NEED TO DO BETTER IN TERMS 
OF REDUCING EMISSIONS BOTH AS A 
COUNTRY AND AS A SECTOR.
THAT'S WHY WE'RE EXPECTING THEM 
TO PUT FORWARD A FRAME WITHIN 
WHICH THEY WILL DEMONSTRATE 
THEIR COMMITMENTS TO REDUCING 
EMISSIONS AND FIGHTING CLIMATE 
CHANGE.
[SPEAKING FRENCH]
>> Interpreter: WE EXPECT 
EVERYONE TO DO THEIR SHARE TO 
COUNTER KLIE CHANGE AND WE'VE 
ALREADY SEEN A NUMBER OF 
COMPANIES IN THE OIL SECTOR 
PRESENT PLANS TO ACHIEVE NET 
ZERO BY 2050 AND FIGHT CLIMATE 
CHANGE BY LOWERING THEIR 
EMISSIONS.
AND WE EXPECT ANY COMPANY THAT 
ACCESSES THIS FUNDING TO 
DEMONSTRATE THAT THEY'RE GOING 
DO THAT AND BE PART OF THE 
SOLUTION.
>> Reporter: AND ANOTHER KEY 
PART OF THESE CONDITIONS ARE 
LIMITATIONS ON EXECUTIVE PAY.
BUT WHAT MECHANISMS ARE YOU 
CONCRETELY AND PRAGMATICALLY 
GOING TO PUT IN PLACE TO ENSURE 
THE APPROPRIATE LEVEL OF 
EXECUTIVES PAY THAT COMES OUT 
OF FUNDS AND WHAT IS THE RIGHT 
AMOUNT IN YOUR OPINION?
>> Prime Minister Trudeau: WE 
WILL BE SHARING THE DETAILS TO 
COME.
BUT THE PRINCIPLE IS VERY CLEAR 
-- IF A COMPANY WANTS TO ACCESS 
THIS PUBLIC FINANCING, THIS 
TAXPAYER FUNDED FINANCING FOR 
LARGE EMPLOYERS IN ORDER TO 
PROTECT EMPLOYEES ACROSS THE 
COUNTRY, THE MONEY HAS TO GO TO 
SUPPORT THOSE EMPLOYERS AND NOT 
HIGH-PAID EXECUTIVES.
THAT IS A CONDITION THAT THEY 
WILL HAVE TO ABIDE BY IF THEY 
WANT TO ACCESS THIS FNLSING.
OK.
[SPEAKING FRENCH]
>> Interpreter: WE EXPECT THE 
ASSISTANCE PROVIDED BY 
TAXPAYERS TO THESE LARGE 
COMPANIES TO HELP WORKERS, NOT 
SENIOR EXECUTIVES.
SO, WE EXPECT ANY COMPANY THAT 
WANTS TO ACCESS THIS FINANCING 
AND THIS ASSISTANCE TO MAKE 
CLEAR COMMITMENTS NOT TO GIVE 
MORE MONEY TO EXECUTIVES.
>> [SPEAKING FRENCH]
>> Operator: THANK YOU.
MERCI.
[SPEAKING FRENCH] 
>> Reporter: [SPEAKING FRENCH]
>> Interpreter: GOOD MORNING, 
PRIME MINISTER.
I'D LIKE TO COME BACK ABOUT TO 
WHAT YOU SAID ABOUT SATURDAY, 
WHERE YOU SAID YOU WERE QUITE 
CONCERNED ABOUT CITIZENS IN 
MONTREAL WITH RESPECT TO THE 
EASING OF THE LOCKDOWN.
CAN YOU TELL US EXACTLY WHAT 
YOU'RE CONCERNED ABOUT?
WELL, I THINK THERE IS EVERY 
REASON TO BE CONCERNED RIGHT 
ACROSS THE COUNTRY.
PEOPLE ARE WORRIED ABOUT THEIR 
PARENTS AND GRANDPARENTS WHO 
ARE IN LONG-TERM CARE HOMES.
AS PRIME MINISTER, I'M 
CONCERNED ABOUT THE WHOLE 
COUNTRY AND THAT IS WHY WE'RE 
TAKING UNPRECEDENTED MEASURES 
TO PROTECT CANADIAN AND INVEST 
IN THE ECONOMY.
AS A QUEBECER AND M.P. FOR 
PAPINEAU IN MONTREAL, I AM 
OBVIOUSLY FEELING A 
RESPONSIBILITY AND A CONCERN 
FOR OTHER CITIZENS.
AND I'M NOT ONLY CONCERNED BUT 
I WANT TO WORK COLLABORATIVELY 
WITH THE DIFFERENT LEVELS OF 
GOVERNMENT AND WE'RE WORKING 
VERY WELL WITH THE LEGAULT 
GOVERNMENT TO ENSURE THAT WE -- 
THAT WE WILL BE ABLE TO PROTECT 
QUEBECERS AND ALL CANADIANS IN 
THIS PANDEMIC.
>> Prime Minister Trudeau: I 
THINK AS, WE ALL ARE, THERE ARE 
THINGS TO BE CONCERNED ABOUT 
THESE DAYS.
CANADIANS ACROSS THE COUNTRY 
ARE WORRIED FOR THEIR FAMILIES, 
FOR THEIR LOVED ONES, FOR THEIR 
COMMUNITIES.
AS PRIME MINISTER, I'M WORRIED 
ABOUT PEOPLE ACROSS THE COUNTRY.
AS A MEMBER OF PARLIAMENT FOR 
PAPINEAU AND A QUEBECER, I'M 
ALSO WORRIED ACTION MY FELLOW 
QUEBECERS AND THE CITIZENS IN 
MY RIDING.
THAT IS WHY IT IS SO IMPORTANT 
WE CONTINUE TO WORK WITH THE 
QUEBEC GOVERNMENT ON OUR SHARED 
GOAL OF ENSURING THAT PEOPLE 
GET THROUGH THIS AS BEST WE 
POSSIBLY CAN AND WE WILL 
CONTINUE TO WORK HAND IN HAND 
QUEBEC GOVERNMENT ON EXACTLY 
THAT.
TREP FOLLOW-UP?
>> Reporter: [SPEAKING FRENCH]
>> Interpreter: MY QUESTION HAD 
TO DO WITH EASING THE LOCKDOWN.
AS A NATIONAL LEADER, ARE YOU 
100% COMFORTABLE WITH WHAT IS 
HAPPENING IN SGHEB FOR EXAMPLE, 
THE RE-OPENING OF SCHOOLS 
STARTING TODAY.
WELL, I THINK IT IS VERY 
IMPORTANT TO FOLLOW THE 
PRINCIPLES THAT WE SET OUT AND 
ENSURE THAT, AT EVERY STEP, WE 
HAVE ENOUGH PROTECTION IN PLACE 
AND AN ABILITY TO RESPOND IF 
THERE IS A RESURGENCE OF 
COVID-19.
SO, OF COURSE, I FULLY RESPECT 
QUEBEC IN TERMS OF ITS CHOICES 
AND WE WILL BE WORKING WITH 
THEM TO ENSURE THAT WHATEVER 
DECISIONS THEY MAKE ON 
RE-OPENING WILL BE AS SAFE AS 
POSSIBLE BY PROVIDING MORE 
P.P.E. AND ENSURING THERE IS 
SUFFICIENT TESTING ABILITY AND 
WE'LL BE THERE AS A PARTNER IF 
THEY NEED US.
>> Prime Minister Trudeau: AS 
WE MOVE FORWARD, THE ROLE OF 
THE FEDERAL GOVERNMENT WILL BE 
TO SUPPORT PROVINCES IN THE 
RE-OPENING PLANS.
WE WILL BE THERE TO HELP THEM 
MAKE SURE THAT THERE ARE ENOUGH 
TESTING FOR THEIR LEVELS, THAT 
THERE IS MORE P.P.E. ARRIVING, 
THAT WE'RE PUTTING IN PLACE 
MEASURES TO FOLLOW THE 
GUIDELINES AGREED TO BY ALL 
PROVINCES IN THE FEDERAL 
GOVERNMENT ON NECESSARY 
PREREQUISITES TO OPENING.
>> THANK YOU.
OPERATOR, NEXT QUESTION.
>> Operator: THANK YOU.
MERCI.
NEXT QUESTION, HUFFINGTON POST.
LINE OPEN.
>> Reporter: GOOD MORNING, 
PRIME MINISTER.
THANKS.
DO YOU BELIEVE THE PROVINCES 
AND TERRITORIS ARE CURRENTLY 
TESTING ENOUGH PEOPLE FOR 
COVID-19?
>> Prime Minister Trudeau: I 
THINK WE NEED TO DO MORE 
TESTING ACROSS THE COUNTRY.
LAST WEEK WE HIT OUR ONE 
MILLIONTH TEST FOR CANADIANS, 
BUT THERE IS A LOT MORE TO DO.
WE KNOW THAT AS THE ECONOMY 
STARTS TO RE-OPEN, IT IS GOING 
TO BE MORE IMPORTANT TO ENSURE 
THAT WE HAVE STRONG TESTING 
PROTOCOLS ACROSS THE COUNTRY.
WE NEED TO INCREASE THE NUMBERS.
WE'VE MANAGED TO SUPPORT THE 
PROVINCES ON OBTAINING 
REAGENTS, ON OBTAINING 
EQUIPMENT FOR IT.
WE NEED TO SEE MORE LAB 
CAPACITY OPENING UP, WHICH MANY 
PROVINCES HAVE ALREADY DONE IN 
TURNING TO UNIVERSITIES AND 
PRIVATE LABS.
THERE'S LOTS MORE TO DO ON 
TESTING AND WE NEED TO MAKE 
SURE WE'RE WORKING ON THAT ALL 
TOGETHER.
[SPEAKING FRENCH]
>> Interpreter: I THINK IT'S 
REALLY NECESSARY TO DO MORE 
TESTING.
WE CARRIED OUT OUR ONE 
MILLIONTH TEST LAST WEEK, BUT 
WE NEED TO DO MORE.
THIS IS A CRITICAL PART OF 
RE-OPENING THE ECONOMY.
SO AS A FEDERAL GOVERNMENT, WE 
WILL BE THERE TO SUPPORT THE 
PROVINCES AND TERRITORIES SO 
THAT THEY CAN CARRY OUT EVEN 
MORE TESTING AND I THINK THAT 
IS ABSOLUTELY ESSENTIAL FOR THE 
FUTURE STEPS TO SUCCEED.
>> Reporter: THANK YOU.
AS WE BEGIN TO RE-OPEN THE 
ECONOMY AND EASE RESTRICTIONS, 
SHOULD TESTING BE AVAILABLE TO 
ALL WHO WANT IT?
>> Prime Minister Trudeau:s I 
THINK AS WE'VE SEEN THROUGHOUT 
THIS SITUATION, THERE ARE VERY 
DIFFERENT FACTORS IN DIFFERENT 
SITUATIONS ON THE GROUND ACROSS 
THE COUNTRY.
THE SITUATION IN PRINCE EDWARD 
ISLAND IS VERY DIFFERENT THAN 
THE SITUATION IN BRITISH 
COLUMBIA, WHICH IS DIFFERENT 
FROM NUNAVUT AND DIFFERENT FROM 
ONTARIO OR QUEBEC.
OBVIOUSLY EVERY JURISDICTION 
NEEDS TO MAKE DETERMINATIONS 
ABOUT WHAT THE RIGHT AND 
MAXIMAL LEVEL OF TESTING WILL 
NEED.
BUT WE'RE THERE TO ENCOURAGE 
THEM AS A GOVERNMENT TO DO AS 
MUCH AS THEY POSSIBLY CAN AND 
MAKE SURE THAT WE'RE HELPING 
THEM ACCESS THE MATERIAL NEEDED 
TO DO JUST THAT.
>> THANK YOU, OPERATOR.
[SPEAKING FRENCH]
>> Operator: MERCI.
THANK YOU.
[SPEAKING FRENCH] 
>> Reporter: [SPEAKING FRENCH]
>> Interpreter: YES, MR. 
TRUDEAU.
TODAY IN QUEBEC, PRIMARY 
DAYCARES AND SCHOOLS ARE 
OPENING UP.
THE GOVERNMENT BELIEVES THAT 
THE WORK ENVIRONMENT IS SAFE 
FOR THEM.
BUT THERE ARE TEACHERS AND 
EDUCATORS WHO ARE REFUSING TO 
GO BACK TO WORK.
DO YOU THINK THAT THOSE 
INDIVIDUALS SHOULD BE ABLE TO 
RECEIVE THE CERB?
WELL, THAT IS A VERY IMPORTANT 
QUESTION AND I THINK WE DO HAVE 
TO ENSURE THAT, IN CANADA, ALL 
ACROSS THE COUNTRY, PEOPLE ARE 
ABLE TO WORK SAFELY WHEN THEY 
GO BACK.
THAT IS WHAT WE ARE WORKING ON 
NOW WITH THE PROVINCE OF 
QUEBEC, TO ENSURE THAT THEY 
HAVE NOT ONLY THE NECESSARY 
RULES IN PLACE THAT THEY WILL 
ESTABLISH, BUT ALSO THAT THEY 
CAN RE-ASSURE PEOPLE.
I KNOW THAT PEOPLE ARE 
CONCERNED RIGHT ACROSS THE 
COUNTRY.
AS WE START TO EASE THE 
LOCKDOWN.
AND I THINK IT IS VERY 
IMPORTANT FOR EMPLOYERS TO BE 
ABLE TO RE-ASSURE THEIR WORKERS 
THAT THEY CAN WORK SAFELY.
FOLLOW-UP?
YES, BUT MR. TRUDEAU, WITH ALL 
DUE REPRESENT, YOU'RE NOT 
REALLY ANSWERING THE QUESTION.
THERE ARE MORE AND MORE 
PROVINCIAL PREMIERS WHO ARE 
CONCERNED ABOUT THE AFFECT OF 
THE CERB AND PEOPLE'S ABILITY 
TO GO BACK TO WORK.
BRIAN PALLISTER AND MR. HE 
GAULTS HAVE SAID THINGS OF THAT 
NATURE.
CAN YOU GUARANTEE THAT OTTAWA 
WILL NOT PROVIDE THE CERB TO 
WORKERS WHO COULD GO BACK TO 
WORK, BUT WHO ARE REFUSING TO 
DO SO?
THE CERBB IS THERE TO SUPPORT 
PEOPLE WHO CANNOT WORK BECAUSE 
OF COVID-19 AND THE PRIORITY 
RIGHT NOW IS TO PROTECT PEOPLE 
AND TO PROTECT THEIR FAMILIES.
THE CERB EXIST IN ORDER TO 
PROTECT THOSE INDIVIDUALS AND 
IT IS THE RESPONSIBILITY OF THE 
PROVINCES TO ENSURE THAT THEIR 
RETURN TO WORK IS SAFE.
WE WILL BE THERE TO HELP THEM, 
BUT THE IMPORTANT THING IN THIS 
CIRCUMSTANCE IS TO ENSURE THAT 
FAMILIES HAVE THE NECESSARY 
SUPPORT AND THAT PEOPLE ARE 
SAFE.
>> Prime Minister Trudeau:s I 
THINK IT IS EXTREMELY IMPORTANT 
TO REMEMBER THAT WE'RE STILL 
VERY MUCH IN AN EMERGENCY PHASE 
RIGHT NOW, WHERE MOST OF THE 
ECONOMY IS  IN EXTREME SLOWDOWN 
RIGHT NOW BECAUSE WE HAVE TO 
MAKE SURE THAT WE'RE PREVENTING 
THE SPREAD OF COVID-19.
THE CANADA EMERGENCY RESPONSE 
BENEFIT IS THERE TO ENSURE THAT 
PEOPLE CAN STAY SAFE AND 
SUPPORT THEIR FAMILIES AT THE 
SAME TIME.
AS PEOPLE LOOK AT GOING BACK TO 
WORK, I WILL BE THE 
RESPONSIBILITY OF THE EMPLOYERS 
TO DEMONSTRATE THAT SITUATIONS 
ARE SAFE FOR PEOPLE TO RETURN 
TO WORK.
THE ROLE OF THE FEDERAL 
GOVERNMENT IS TO SUPPORT THE 
PROVINCES AND OTHER EMPLOYERS 
IN THAT WORK.
BUT IT'S ALSO OUR ROLE TO MAKE 
SURE THAT FAMILIES AND PEOPLE 
ARE SUPPORTED, TO BE ABLE TO 
STAY SAFE DURING THIS PANDEMIC.
>> Reporter: HI, PRIME MINISTER.
TOM PARRY WITH CBC.
IN YOUR OPENING ADDRESS, YOU 
TALKED ABOUT THIS NEW LOAN 
PROGRAMME AND TAX AVOIDANCE AND 
TAX EVASION.
I GET THATS YOU DON'T WANT TO 
GIVE A LOAN TO A COMPANIES THAT 
BREAKING THE LAW TO EVADE 
TAXES, BUT ON TAX AVOIDANCE, 
WHAT IF YOU OPEN UP THE BOOKS 
OF A COMPANY APPLYING FOR A 
LOAN AND YOU FIND OUT THEY'VE 
BEEN DOING EVERYTHING THEY CAN 
TO PAY AS LITTLE TAX AS 
POSSIBLE.
DO THEY GET A LOAN?
>> Prime Minister Trudeau: I 
THINK CANADIANS EXPECT 
COMPANIES THAT GET SUPPORT FROM 
PUBLIC DOLLARS TO HAVE BEEN 
RESPONSIBLE AROUND PAYING THEIR 
FAIR SHARE OF TAXES.
CERTAINLY IF WE SEE SITUATIONS 
WHERE SOMEONE IS ENGAGED IN 
AGGRESSIVE TAX AVOIDANCE, WE 
WILL BE PUTTING IN CONDITIONS 
OR WORKING OUT A WAY WITH THEM 
TO ENSURE THAT THEY PAY THEIR 
FAIR SHARE OF, THATS.
-- OF TAXES.
[SPEAKING FRENCH]
>> Interpreter: I THINK 
EVERYONE EXPECTS LARGE 
COMPANIES TO PAY THEIR FAIR 
SHARE OF TAXES AND IF LOOKING 
AT THE DETAILS OF THEIR 
FINANCIAL STATEMENTS WE SEE 
THAT THEY HAVEN'T PAID THEIR 
FAIR SHARE OF TAX TO CANADA, WE 
WILL DEMAND THAT THEY MAKE 
CHANGES IN ORDER TO RECEIVE 
THAT PUBLIC FUNDING.
>> Reporter: YOU ALSO SAID IN 
YOUR OPENING ADDRESS THAT A LOT 
OF OIL AND GAS COMPANIES HAVE 
SIGNED ON TO NET ZERO 
REQUIREMENTS.
ARE YOU TRYING TO FREEZE OUT 
COMPANIES THAT HAVE NOT MADE 
THOSE KINDS OF COMMITMENTS?
>> Prime Minister Trudeau: ON 
THE CONTRARY.
I THINK PEOPLE AROUND THE WORLD 
IN FINANCIAL MARKETS HAVE SEEN 
THAT MANAGING RISK IS EXTREMELY 
IMPORTANT.
WE'RE SEEING IT WITH COVID-19 
AND BEFORE WE INVEST IN A 
COMPANY, IT IS APPROPRIATE TO 
LOOK AT THEIR RISK MET 
INVESTIGATION STRATEGIES ARE.
PEOPLE WILL BE ASKING WHAT THEY 
ARE FOR PANDEMICS AS THEY 
INVEST IN COMPANIES GOING 
FORWARD.
WE ALSO KNOW THAT CLIMATE 
CHANGE REPRESENTS A SIGNIFICANT 
RISK TO COMPANY'S BOTH LINE AS 
WELL.
SO, IT IS PERFECTLY NATURAL FOR 
AN INVESTOR, INCLUDING PUBLIC 
INVESTORS LIKE THE GOVERNMENT 
OF CANADA, TO BE ASKING PEOPLE 
HOW THEY ARE GOING TO MANAGE 
THE RISK OF CLIMATE CHANGE IN 
THE COMING YEARS.
>> Reporter: ON TODAY'S 
ANNOUNCEMENT, STRICT LIMITS ON 
BONUSES AND SHARE BUYBACKS IS 
NOT THE SAME AS STOPPING THEM.
WHAT SPECIFIC SAFEGUARDS WILL 
BE IN PLACE TO ENSURE COMPANIES 
DON'T TAKE ADVANTAGE?
>> Prime Minister Trudeau: WE 
WILL BE WORKING VERY CLOSELY 
WITH DIFFERENT COMPANIES ACROSS 
DIFFERENT SECTORS TO DETERMINE 
IF RIGHT FRAME THAT IS RIGHT 
FOR THEIR INDUSTRY AND BUSINESS.
BUT CANADIANS EXPECT THAT IF 
WE'RE PUTTING PUBLIC DOLLARS TO 
SUPPORT FINANCING FOR 
COMPANIES, THAT THE MONEY GOES 
TO SUPPORT WORKERS.
THAT IS THE AIR APPROACH WITH 
THE LARGE EMPLOYERS EMERGENCY 
FINANCING FACILITY.
WE NEED TO SUPPORT WORKERS AND 
THAT'S NOT SHAREHOLDERS WITH 
DIVIDENDS, THAT IS NOT 
EXECUTIVE BONUSES.
THAT IS ENSURING THAT 
EVERYTHING THEY'RE DOING IS 
PROTECTING WORKERS, THEIR 
PENSIONS, THEIR COLLECTIVE 
BARGAINING AND CONTINUED 
OPERATION OF THIS COMPANY IN 
THE COUNTRY.
>> Reporter: IF THERE AREN'T 
SAFEGUARDS IN PLACE, WILL YOU 
CONSIDER PUTTING SOME IN PLACE?
>> Prime Minister Trudeau: THAT 
IS PART AND PARCEL OF THE 
DISCUSSIONS THAT WE'LL HAVE 
BEFORE IMPLEMENTING THE LEIF 
PROGRAMME.
WE NEED MAKE SURE THAT THE 
MONEY IS GOING TO SUPPORT 
WORKERS EVERY STEP OF THE WAY.
[SPEAKING FRENCH]
>> Interpreter: WE HAVE TO 
ENSURE THAT THE MONEY WE'RE 
GIVING TO THESE LARGER 
CORPORATIONS WILL BE HELPING 
EMPLOYEES, NOT THE EXECUTIVES, 
NOT INVESTORS, BUT THE WORKERS 
AND WE WILL BE INTRODUCING 
MEASURES TO ENSURE THAT WE ARE 
THERE TO SUPPORT WORKERS, THEIR 
PENSIONS, RESPECT FOR THEIR 
COLLECTIVE AGREEMENTS AND ALL 
THOSE ASPECTS BECAUSE THOSE 
COMPANIES EMPLOY MILLIONS OF 
CANADIANS AND THEY WILL HAVE TO 
ABIDE BY THOSE RULES TO ACCESS 
THIS FUNDING.
>> Reporter: HI, PRIME MINISTER.
HOW MUCH IS THE GOVERNMENT 
WILLING TO SPEND ON THESE 
CHEQUES TO THESE MAJOR 
COMPANIES AND IS THE GOVERNMENT 
TAKING ON TOO MUCH NRIFK THIS 
TYPE TIME OF A PANDEMIC WHEN WE 
DON'T KNOW HOW LONG IT WILL GO 
ON FOR?
>> Prime Minister Trudeau:s I 
THINK THE SIGNIFICANT RISK IS 
THAT WE SEE LONG-TERM DAMAGE TO 
THE CANADIAN ECONOMY.
THAT WE SEE SIGNIFICANT LARGE 
COMPANIES THAT EMPLOY MILLIONS 
OF CANADIANS, LOSE THEIR -- 
LOSE THEIR EXISTENCE.
STOP FUNCTIONING BECAUSE OF 
THIS PANDEMIC AND MILLIONS OF 
CANADIANS LOSE THEIR JOBS.
WE NEED TO MAKE SURE THAT WE 
ARE SUPPORTING THESE EMPLOYERS 
SO CANADIANS CAN CONTINUE TO 
HAVE JOBS ONCE WE BOUNCE BACK 
FROM THIS PANDEMIC.
OF COURSE, WE WOULD MUCH PREFER 
THAT PEOPLE LOOK TO THE PRIVATE 
CREDIT MARKETS TO GET THE 
BRIDGE AND LOANENS IFING THEY 
NEED.
BUT WE WILL BE THERE AS A 
LENDER OF LAST RESORT TO ENSURE 
THAT THOSE COMPANIES DO 
CONTINUE TO EMPLOY THE 
CANADIANS ACROSS THE COUNTRY 
WHO DEPEND ON THOSE JOBS.
BUT THERE WILL BE SIGNIFICANT 
CONDITIONS AROUND THAT AS WELL.
>> Interpreter: OUR PRIORITY IN 
THIS SITUATION IS ALWAYS TO 
ENSURE THAT WE'RE THERE TO 
SUPPORT WORKERS WHO ARE WORKING 
IN MANY DIFFERENT BUSINESSES 
RIGHT ACROSS THE COUNTRY.
SO THE IMPORTANT THING IS TO 
PREVENT THESE COMPANIS FROM 
FAILING, WHICH WOULD CAUSE 
SERIOUS DAMAGE TO THE CANADIAN 
ECONOMY.
OF COURSE, WE WOULD PREFER THAT 
THESE COMPANIES FIND PRIVATE 
FINANCING.
IF THEY CANNOT FIND IT BECAUSE 
OF THE PANDEMIC, WE WILL BE 
THERE TO SUPPORT THEM DURING 
THESE DIFFICULT TIMES.
>> Reporter: SOUTH KOREA SAW AN 
OUTBREAK RELATED TO A NIGHT 
CLUB THERE.
OBVIOUSLY WE STILL DON'T HAVE 
OUTBREAKS HERE BUT IT SHOWS 
THEY CAN HAPPEN AND THEY 
DECIDED TO POSTPONE OPENING 
SCHOOLS.
TODAY SCHOOLS OUTSIDE OF 
MONTREAL ARE NOW OPENING IN 
QUEBEC.
ARE YOU WILLING TO PUT ANY 
PRESSURE ON PREMIERS ACROSS THE 
COUNTRY TO TELL THEM TO SLOW 
DOWN RIGHT NOW, GIVEN HOW YOU 
SAID WE'RE STILL IN AN 
EMERGENCY PHASE?
>> Prime Minister Trudeau:s I 
THINK WE'RE ALL FEELING 
PRESSURE FROM CANADIANS TO GET 
THIS RIGHT AND WE UNDERSTAND 
THAT THE SACRIFICES WE'VE ALL 
MADE FOR THE PAST TWO MONTHS OF 
STAYING HOME, OF 
SELF-ISOLATING, OF KEEPING TWO 
METRE'S DISTANCE, OF NOT SEEING 
PARENTS AND GRANDPARENTS COULD 
ALL GO UP IN SMOKE IF WE MOVE 
TOO QUICKLY ON RE-OPENING OR 
GIVEN JURISDICTIONS MAKE THE 
WRONG DECISIONS.
THAT'S BECAUSE BEING CAUTIOUS 
AND GRADUAL AND INDIVIDUAL 
SLENL ESSENTIAL FOR HOW WE MOVE 
FORWARD ON THE GRADUAL 
RE-OPENING AND THAT IS WHY 
CANADIANS ACROSS THE COUNTRY 
ARE LOOKING VERY CAREFULLY AT 
ALL ORDERS OF GOVERNMENT AND 
THE DECISIONS THEY MAKE AND  
WILL BE HELD TO ACCOUNT IF 
RE-OPENING HAPPENS TOO QUICKLY 
AND CANADIANS HAVE TO LOCK DOWN 
ONCE AGAIN IN A FEW WEEKS 
BECAUSE PEOPLE WERE OVEREAGER 
TO GET THE ECONOMY GOING.
WE HAVE TO GET THAT BALANCE 
RIGHT AND THAT MEANS BEING 
CAUTIOUS AND WE WILL CONTINUE 
TO BE PUSHING FOR CAUTION AS WE 
MOVE PROGRESSIVELY TOWARDS 
RE-OPENING THE ECONOMY.
>> Reporter: [SPEAKING FRENCH]
>> Interpreter: GOOD MORNING, 
MR. TRUDEAU.
TODAY YOU ARE OFFERING LOANS 
AND GUARANTEED LOANS.
NOW IS THIS THE FINAL MEASURE 
THAT WILL BE THERE FOR A LARGE 
COMPANY?
AND HOW LONG CAN A GOVERNMENT 
SUPPORT AN ECONOMY SO 
CONSIDERABLY?
FOR HOW LONG CAN THAT HAPPEN?
WELL, WE'RE IN A VERY DIFFICULT 
SITUATION NOW.
AND WE JUST DON'T HAVE ANY 
PREVIOUS EXPERIENCE TO RELY ON.
SO WE KNOW EXACTLY HOW THINGS 
WILL WORK.
SO WE HAVE TO MAKE THE BEST 
DECISIONS POSSIBLE AND AS WE'VE 
BEEN DOING FROM THE OUTSET, 
WE'VE BEEN ANNOUNCING NEW 
PROGRAMMES.
AND IF THERE'S A NEED TO EXTEND 
THEM OR SHORTEN THEM OR ADJUST 
THEM.
WE WILL DO THAT.
AT EVERY STEP OF THE WAY, WE 
ARE GUIDED BY TWO PRINCIPLES.
FIRST OF ALL, KEEPING CANADIANS 
HEALTHY AND SAFE.
SECOND, ALLOWING THE CANADIAN 
ECONOMY TO BOUNCE BACK AND FIRE 
UP AGAIN IN THE COMING DAYS.
BUT, OF COURSE, WE HAVE TO TAKE 
OUR TIME AND ADJUST AS THINGS 
EVOLVE AND THIS IS A MAJOR 
ANNOUNCEMENT WE'RE MAKING TODAY 
TO SUPPORT LARGE EMPLOYERS AND 
WE MAY HAVE OTHER ANNOUNCEMENTS 
TO MAKE, FURTHER STEPS ALONG 
THE WAY.
BUT ALL THE TIME WE'RE TRYING 
TO MAXIMIZE THE IMPACT OF THE 
MEASURES THAT WE ALREADY 
ANNOUNCE SOD WE CAN BEGIN TO 
START UP THE ECONOMY AGAIN AND 
SO THAT THE GOVERNMENT CAN DO 
LESS AND LESS AS WE MOVE 
FORWARD.
>> Prime Minister Trudeau: 
THROUGHOUT THIS PANDEMIC, WE'VE 
BEEN GUIDED BY TWO STRONG 
PRINCIPLES.
ONE IS PROTECT THE HEALTH AND 
SAFETY OF CANADIANS.
AND SECOND, AND SECOND IN ORDER 
OF IMPORTANCE, IS ENSURE THIS 
OUR ECONOMY IS ABLE TO BOUNCE 
BACK QUICKLY AND STRONGLY ONCE 
ALL THIS IS OVER.
THAT MEANS DOING THINGS 
STRONGLY RIGHT NOW TO SUPPORT 
PEOPLE, BUT ALSO MAKE SURE THAT 
THERE IS AN ECONOMY TO COME 
BACK TO ONCE WE DO START 
RE-OPENING AND LIFE STARTS TO 
GET BACK TO NORMAL.
SO WHAT WE'VE ANNOUNCED TODAY 
WITH THE LARGE EMPLOYER 
EMERGENCY SPNS FINANCING 
FACILITY, THE LEIF, WILL BE A 
SIGNIFICANT HELP TO SIGNIFICANT 
EMPLOYERS ACROSS THE COUNTRY.
THERE MAY BE MORE STEPS WE HAVE 
TO TAKE.
WE DON'T KNOW WHAT THE NEXT 
POSSIBLE STEPS ARE THAT WE'RE 
GOING TO NEED.
WE'RE GOING STAY OPEN AND 
FLEXIBLE TO ADJUSTING THE 
PROGRAMMES WE PUT FORWARD, TO 
STRETCHING THEM OUT, TO KONS
-- CONDENSING THEM, TO 
COMBINING THEM.
WE'RE FIGURING OUT WHAT WORKS 
BEST.
IF SOMETHING DOESN'T WORK 
GREAT, WE'LL PULL IT BACK AND 
TWEAK IT AND PULL IT OUT IN A 
DIFFERENT WAY.
WE'RE IN AN A UNPRECEDENTED 
SITUATION.
BUT EVERY STEP OF THE WAY, WE 
WILL DO WHAT IS NECESSARY TO 
PROTECT CANADIANS AND TO ENSURE 
THAT WE HAVE AN ECONOMY TO GO 
BACK TO.
>> Reporter: [SPEAKING FRENCH]
>> Interpreter: I'M TRYING TO 
UNDERSTAND WHERE YOU ARE IN 
TERMS OF YOUR PROJECTIONS OF 
THE KIND OF ASSISTANCE THAT 
WILL BE NEEDED.
YOU HAVE ANNOUNCED BILLIONS OF 
DOLLARS THAT HAS BEEN GIVEN TO 
COMPANIES.
BUT TODAY THESE ARE LOAN 
GUARANTEES THAT WILL HAVE TO BE 
PAID BACK S. .
IS THIS BECAUSE YOU THINK WE'RE 
COMING TO THE END OF OUR 
ABILITY TO BRING OUT BILLIONS 
OF DOLLARS EVERY OTHER DAY?
NO.
THIS ANNOUNCEMENT IS PART OF A 
GRADUAL SERIES OF MEASURES, 
WHICH ARE THERE TO HELP 
COMPANIES AND EMPLOYERS -- 
EMPLOYEES THAT HAVE LOST THEIR 
JOB.
WE WANTED TO PUT MONEY DIRECTLY 
INTO PEOPLE'S POCKETS.
NOW FOR SMALL BUSINESSES, WE 
PROVIDED LOANS UNDER VERY 
POSITIVE CONDITIONS THAT COST 
PRACTICALLY NOTHING TO HELP 
THEM OUT.
NOW MID-SIZED COMPANIES, THEY 
REQUIRE A BIT MORE IN TERMS OF 
THE SIZE OF THOSE LOANS AND FOR 
LARGE COMPANIES, THAT FUNDING 
WILL COST EVEN MORE.
BECAUSE THEY HAVE ACCESS TO A 
LEVEL OF CREDIT THAT WORKERS 
AND INDIVIDUALS AND SMALL 
BUSINESSES DO NOT.
SO, WE'RE PROVIDING LOANS TO 
THESE LARGE COMPANIES BECAUSE 
OUR PRIORITY IS TO HELP AS MANY 
INDIVIDUALS AND WORKERS AS 
POSSIBLE IN THIS COUNTRY.
AND WE EXPECT THE LARGE 
COMPANIES TO BE ABLE TO GET 
ALONG AS MUCH AS POSSIBLE 
THROUGH THE FINANCIAL MARKETS 
THEY ALREADY HAVE ACCESS TO.
MERCI.
>> Rosemary: ALL RIGHT.
THAT IS THE PRIME MINISTER OF 
CANADA ON THIS MONDAY.
IN CASE YOU WERE WORRIED ABOUT 
WHAT DAY OF THE WEEK IT IS.
GIVING US REALLY MORE ANSWERS 
AROUND THE MAJOR ANNOUNCEMENT 
FROM THE GOVERNMENT TODAY.
IT WILL ALLOW BRIDGE FINANCING, 
IT WILL OFFER BRIDGE FINANCING 
FOR LARGE AND MEDIUM-SIZED 
COMPANIES.
BY LARGE, WE REALLY DO MEAN 
QUITE LARGE.
IT HAS TO BE IN THE ORDER OF 
REVENUE OF $300 MILLION.
SO, THIS IS NOT THE SMALL AND 
MEDIUM-SIZED BUSINESSES THAT 
GOVERNMENT HAS PREVIOUSLY 
TARGETED.
I'LL BRING IN VASSY AND DAVID 
TO HELP US GO THROUGH SOME OF 
THIS.
ONE OF THINGS THERE THAT STOOD 
OUT FOR ME WAS WHEN THE PRIME 
MINISTER SAID THAT THE 
PREFERENCE WOULD BE FOR PRIVATE 
BANKS AND FINANCIAL 
INSTITUTIONS TO PONY UP THE 
LIQUIDITY HERE FOR COMPANIES, 
BUT THE GOVERNMENT IS A LENDER 
OF LAST RESORT.
WHICH LEADS ME TO WONDER WHAT 
KIND OF DIFFICULTIES COMPANIES 
ARE RUNING INTO WHEN THEY KNOCK 
ON THE DOOR OF THE FINANCIAL 
INSTITUTIONS IF THE GOVERNMENT 
FEELS IT HAS TO STEP IN IN THIS 
WAY.
THERE'S LOTS OF QUESTION THERE 
IS FOR COMPANIES ABOUT HOW 
RECEPTIVE FINANCIAL 
INSTITUTIONS ARE RIGHT NOW 
GIVEN THAT THE GOVERNMENT HAS 
HAD TO STEP IN HERE.
>> Vassy: YEAH.
THE EXACT SAME THING JUMPED OUT 
THE ME IN THAT TERM.
WE'RE TRYING TO BE A LENDER OF 
LAST RESORT.
WHY ARE COMPANIES AT THE LAST 
RESORT?
IS IT A QUESTION OF AMOUNT?
EVEN STILL, I THINK THERE ARE 
GENUINE QUESTIONS FOR THOSE 
FINANCIAL INSTITUTIONS ABOUT IS 
THAT.
I THINK WE NEED MORE SPECIFICS 
IN ORDER ASCERTAIN WHY AND THE 
BIG QUESTION FOR ME IS AROUND 
HOW MUCH MONEY.
IT IS MY UNDERSTANDING THAT 
THAT IS THE BIGGEST QUESTION 
COMING OUT OF THE PATCH TODAY.
SO WE WERE MUSING PRIOR TO THE 
PRESS CONFERENCE IF THIS ISN'T 
DIRECTED SPECIFICALLY AT THAT 
SECTOR, FOR EXAMPLE, OR 
SPECIFICALLY AT THE AIRLINE 
SECTOR, WOULD IT BE OF BENEFIT 
TO THEM AND THE NUMBER ONE 
QUESTION FOR THEM IS, IS THERE 
SORT OF A MAXIMUM ON THE AMOUNT 
OF MONEY THAT THE GOVERNMENT 
WILL LEND TO THESE BIGGER 
COMPANIES.
IF YOU THINK OF AIRLINES, IN 
THE UNITED STATES THERE IS A 
MIXTURE OF BAILOUT AND LOANS 
FOR AIRLINES IN THE 
NEIGHBOURHOOD OF ABOUT $25 
BILLION.
OBVIOUSLY WE'RE A SMALLER 
ECONOMY, BUT OUR AIRLINES ARE 
BIGGER COMPANIES.
HOW MUCH MONEY ARE WE TALKING?
I THINK THAT WAS THE ONE THING 
THAT I WAS LEFT WONDERING AND 
THAT DEPENDS ON WHAT THE NEEDS 
OF THESE SPECIFIC COMPANIES ARE 
GOING TO BE.
BUT THE ESTIMATE OUT OF ALBERTA 
AND THE OIL PATCH THERE WAS IN 
EXCESS OF 2K4R0R BILLION OF 
LIQUIDITY IS NEEDED FOR THE 
BIGGER COMPANIES.
AT THE END OF THE DAY, IS THE 
FEDERAL GOVERNMENT GOING TO BE 
LOANING OUT $30 BILLION, $40 
BILLION?
THOSE ARE HUGE NUMBERS ACTUALLY.
AND IT IS A LOAN AND THE PRIME 
MINISTER WAS EXPLICIT ABOUT 
THAT.
THIS SANLTS BAILOUT.
IT'S A LOAN.
IT IS NOT A BLANK KHA *IFJ  -- 
IT IS NOT A BLANK CHEQUE, BUT 
THOSE NUMBERS WILL BE 
INTERESTING AND THEY GIVE US A 
BETTER GAUGE ON HOW EFFECTIVE 
THIS WILL BE FOR THOSE SECTORS 
PARTICULARLY HARD HIT.
I WOULD ALSO UNDERSCORE ALL OF 
THAT WITH, AGAIN, LOTS OF 
QUESTIONS ABOUT THE STRINGS 
ATTACHED TO THIS MONEY AND 
ALTHOUGH THE GOVERNMENT IS 
CLEAR THAT THERE ARE STRINGS 
AROUND EXECUTIVE PAY T DETAILS 
THAT THE PRIME MINISTER 
ADMITTED AREN'T AVAILABLE YET.
THEY WILL BE PROVIDING THOSE IN 
THE COMING DAYS.
THAT FINE PRINT, I THINK, IS 
GOING TO BE PRETTY IMPORTANT TO 
CANADIANS IF WE ARE ON THE HOOK 
FOR $20 OR $30 BILLION.
>> Rosemary: HE DID SAY, 
HOWEVER, AND I HADN'T HEARD 
THIS WHEN I WAS LISTENING TO 
BILL MORNEAU, THAT THEY HAVE TO 
SHARE THEIR COMPLETE FINANCIAL 
STRUCTURE WITH THE GOVERNMENT.
SO, YOU KNOW, A COMPANY WOULD 
REALLY NOT HAVE TO HAVE ANY 
ACCESS TO PRIVATE LIQUIDITY, BE 
COMFORTABLE OPENING UP THEIR 
BOOKS TO THE GOVERNMENT IN THAT 
WAY.
BECAUSE THEY ARE IN A DESPERATE 
PLACE.
I THINK THERE IS SOME TRADE-OFF 
THERE THAT WOULD MAKE IT, I 
DON'T KNOW, SOME COMPANIES MAY 
BE WANTING TO MAKE SURE THAT 
THEY DON'T GO DOWN THAT ROAD 
WHILE OTHER COMPANIES, AS YOU 
POINT OUT, PROBABLY DON'T HAVE 
ANY CHOICE AT ALL.
BUT THAT TO ME WAS AN 
INTERESTING CAVEAT THAT I 
HADN'T HEARD EITHER, DAVID.
>> Reporter: THREE THINGS JUMP 
OUT AT ME HERE, ROSIE.
OBVIOUSLY A LOT OF COMPANIES 
WILL BE ABLE TO GET MONEY FROM 
CONVENTIONAL BANKS BUT THERE IS 
A TLOIMENTS THE RISK TOLERANCE 
THAT A BANK IS GOING TO HAVE OR 
ANY FINANCIAL INSTITUTION IS 
GOING TO HAVE WITH EVERY 
COMPANY IN THE COUNTRY IS GOING 
THROUGH A DIFFICULT TIME AND 
MAY BE COMING FOR BRIDGE 
FINANCING AND SUPPORT FROM THE 
LENDING INSTITUTIONS.
THERE IS ONLY SO MUCH RISKY 
DEBT A BANK IS WILLING TO TAKE 
ON.
AND THIS IS WHERE THE BACKSTOP 
OF THE GOVERNMENT OF CANADA 
NEEDS TO COME IN.
THE SECOND IS THE POINT YOU 
JUST MENTIONED ON IF YOU DO 
COME IN AND NEED TO DISCLOSE 
YOUR ENTIRE FINANCIAL STRUCTURE 
AND TAKE A HARD LOOK AT IT AND 
FIND OUT YOU'RE DOING TAX 
AVOIDANCE MEASURES LIKE MOVING 
TO LOW-TAX JURISDICTIONS TO 
AVOID PAYING THE FULL SHARE IN 
CANADA, THEY'LL PUT SOME CAN'T 
ON THAT AND MAYBE WORK WITH YOU 
ON A RESTRUCTURING TO START 
PAYING A FAIRER AND BETTER 
SHARE OF CANADIAN TAXATION.
SO, THERES A NEGOTIATION LIKE 
THERE IS IN ANY LOAN, BUT IT IS 
NOT ON REPAYMENT TERMS AND 
CONDITIONS.
IT'S ON OPERATING TERMS AND 
CONDITIONS AND ALSO ON 
RESTRUCTURING TERMS AND 
CONDITIONS.
AND THE THIRD THING THAT JUMPED 
OUT TO ME, ROSIE, AND IT WASN'T 
ABOUT THIS PROGRAMME ANNOUNCED 
TODAY,  IT WAS ABOUT THE CANADA 
EMERGENCY AND RESPONSE BENEFIT.
SOME PREMIERS ARE AGITATING AND 
SOME PRIVATE SECTOR PEOPLE ARE 
AGITATING THAT THE CERB IS A 
DISINCENTIVE FOR PEOPLE TO GO 
TO WORK.
PEOPLE FEEL IT'S NOT SAFE AND 
NOT GOING AND THE PRIME 
MINISTER WAS ASKED DIRECTLY IF 
HE WOULD CUT OFF THE CERB FOR 
PEOPLE LIKE THAT.
THEY'RE NOT TOUCHING THAT AT 
ALL.
THE SENSE YOU GET, THEY'RE 
WILLING TO LET THE PREMIERS 
DRIVE THE RE-OPENING BASED ON 
THE LOCAL DATA AND LOCAL 
CONDITIONS IN THEIR 
JURISDICTION.
BUT THE PRIME MINISTER HAS BEEN 
ASKED ABOUT THIS ENOUGH THAT 
IT'S PRETTY CLEAR.
THEY ARE TAKING NO STEPS AT THE 
FEDERAL LEVEL, AT LEAST FOR 
NOW, TO CREATE FINANCIAL STRESS 
AND PRESSURE ON WORKERS TO GO 
BACK TO WORK.
THERE IS NO TALK OF CHANGING 
THE CERB FROM HIM TO 
INCENTIVIZE PEOPLE TO COME OFF 
THE BENEFIT AND GO BACK TO WORK 
IF THEY DO NOT FEEL SAFE.
>> Rosemary: THAT'S TRUE.
THAT'S TRUE.
YEAH.
THAT'S TRUE, DAY.
BUT HE ALSO IS NOT ABLE TO SAY 
THAT IF YOU AREN'T FEELING SAFE 
TO GO BACK TO WORK, THAT YOU 
CAN KEEP COLLECTING THE CERB 
AND THAT WILL BE FINE FOR YOUR 
EMPLOYER.
>> THE STATUS QUO HOLDS.
THAT'S ESSENTIALLY IT.
THEY ARE NOT GOING TO DO 
ANYTHING TO PUSH PEOPLE OFF 
THAT BENEFIT AND BACK INTO A 
WORKPLACE.
THAT'S GOING TO BE SOMETHING 
THAT HAS TO BE MANAGED BETWEEN 
THE EMPLOYER AND THE EMPLOYEE.
>> Rosemary: YEAH.
WHICH WILL BE A POINT FOR 
PEOPLE BECAUSE THERE ARE PEOPLE 
WHO DON'T FEEL SAFE.
I WANT TO TOUCH ON THE CLIMATE 
CHANGE POINT, TOO, BEFORE WE 
TAKE A BREAK.
I FOUND THE PRIME MINISTER'S 
ANSWER INTERESTING AS WELL 
AROUND THE IDEA OF MANAGING 
RISK AND THAT IN THE FUTURE, WE 
HAVE TO MANAGE RISK AROUND 
PANDEMICS.
BUT IN THIS CASE, IT MAKES 
SENSE TO MANAGE RISK AROUND 
CLIMATE CHANGE, WHICH OBVIOUSLY 
ISN'T TOP OF MIND FOR EVERYONE 
RIGHT NOW.
>> Vassy: YEAH.
AND IT ALSO DOES TIE INTO THE 
ANNOUNCEMENT THAT WAS MADE 
TODAY.
ESPECIALLY AS WE DISCUSSED AND 
WE HAVE BEEN DISCUSSING THE 
POTENTIAL FOR THE OIL SECTOR TO 
BE ABLE TO ACCESS THIS BRIDGE 
FINANCING, SOME CAVEAT AND SOME 
CONSTRICTIONS AROUND WHAT THEY 
HAVE TO SHOW THE CLIMATE PLAN 
THAT THEY HAVE, IF THAT FITS 
INTO THE LARGER PICTURE.
BUT NOT NECESSARILY CLEAR ABOUT 
WHAT HAPPENS IF A COMPANY 
DOESN'T.
I DON'T EVEN KNOW WHAT WOULD 
QUALIFY THEM AS NOT AT THIS 
POINT.
THOSE DETAILS ARE MISSING AS 
WELL AT THIS POINT.
BUT OBVIOUSLILY SOME 
SENSITIVITY, AS DAVID POINTED 
OUT, LATE TORE THE ISSUE AND 
HOW IT ALL FACTORS INTO THIS 
LOAN PROGRAMME.
>> Rosemary: OK.
THANK YOU BOTH VERY MUCH.
WE'LL TALK IN THE NEXT HOUR, IF 
YOU DON'T MIND AS WE STAND BY 
AND WAIT FOR CABINET MINISTERS 
TO BRIEF US TODAY AS WELL AS 
FEDERAL PUBLIC HEALTH OFFICIALS 
ON THE PICTURE OF COVID-19 
ACROSS THIS COUNTRY.
BUT THE MAJOR ANNOUNCEMENT FROM 
THE GOVERNMENT COMING MUCH 
EARLIER TODAY AT 9:30 AS THE 
MARKETS OPENED THAT THE 
GOVERNMENT WILL NOW PROVIDE 
THIS LARGE Y *ERP FINANCING, 
ESPECIALLY A LARGE AMOUNT OF 
BRIDGE FNLSING FOR BIG 
COMPANIES LIKE AIRLINE 
COMPANIES, OIL AND GAS INDUSTRY 
AND ANYONE ELSE THAT NEEDS A 
BIG GOVERNMENT-BACKED LOAN TO 
GET THEM THROUGH THIS DIFFICULT 
PERIOD OF THE PANDEMIC.
WE'LL TAKE A SHORT BREAK HERE.
MORE ON CBC NEWS NETWORK 
STRAIGHT AHEAD.
I'M ROSE MARRY BARTON.
I'M ROSEMARY BARTON.
[♪♪♪] 
>> Rosemary: HI, AGAIN.
I'M ROSEMARY BARTON HERE IN 
OTTAWA.
THANKS FOR JOINING US ON CBC 
NEWS NETWORK, STREAMING AROUND 
THE WORLD WHEREVER YOU MIGHT BE.
OTTAWA ROLLS OUT PLANS TO HELP 
MORE BUSINESSES COPE FROM THE 
ECONOMIC SHOCK OF THE PANDEMIC.
THE PRIME MINISTER GAVE US MORE 
DETAILS ABOUT THE EXPANSION OF 
AN EMERGENCY CREDIT, A LARGE 
EMPLOYER FINANCING FACILITY, 
ESSENTIALLY, THE GOVERNMENT 
PROVIDING MONEY TO LARGE 
COMPANIES TO WEATHER THE STORM 
AND PROTECT THE JOBS OF MILLIONS
OF CANADIANS.
HE DID EMPHASIZE IT IS A BRIDGE 
LOAN, NOT A BAILOUT.
WE WILL TALK WITH OUR REPORTERS 
ABOUT THAT.
WE ARE STANDING BY TO BRING YOU 
THE DAILY BRIEFING WITH CABINET 
MINISTERS AND HEALTH OFFICIALS.
MY NEXT GUEST IS ALEX PORBET, 
THE C.E.O. OF CENOVUS ENERGY.
HE JOINS ME ON THE PHONE.
WE TRIED TO DO FACETIME BUT IT 
DIDN'T WORK.
>> Caller: THANKS, ROSEMARY, FOR
CHECKING IN.
>> Rosemary: I WANT TO KNOW, 
FIRST OF ALL, WHETHER THIS 
FACILITY, LEEFF, AS THE 
GOVERNMENT IS CALLING IT, IS 
SOMETHING YOUR COMPANY IS 
INTERESTED IN TAPPING INTO?
>> Caller: WE'VE ONLY SEEN THE 
ANNOUNCEMENTS AND I KNOW THE 
GOVERNMENT IS STILL WORKING ON 
THE DETAILS.
WE'LL TAKE A CLOSE LOOK AT IT 
WHEN IT COMES TO OUT.
WE'LL CERTAINLY TAKE A LOOK AT 
IT AND IT'S PROBABLY A LITTLE 
BIT EARLY TO KNOW IF WE WOULD 
AVAIL OURSELVES OF IT. 
>> Rosemary: SO DOES THAT MEAN 
YOU BASICALLY DON'T NEED IT, 
YOU'RE ONE OF THE COMPANIES THAT
IS DOING OKAY?
>> Caller: WELL, I THINK YOU'VE 
GOT TO BE CAREFUL USING THE TERM
"OKAY."
THE PRIZE FOR W.T.I. TODAY IS 
ABOUT $24.50.
AS I SAID, WE WENT INTO IT.
WE WERE IN A PRETTY GOOD 
POSITION WITH A GREAT DEAL OF 
LIQUIDITY, BUT AT THESE PRICES, 
THE OIL INDUSTRY DOESN'T WORK 
FOR ANY OIL PRODUCER ON THE 
PLANET AT THESE LEVELS AND ALL 
OF US WILL BE INCREASING OUR 
DEBT UNTIL WE SEE PRICES 
IMPROVE.
I THINK EVERYONE IS GOING TO 
TAKE A PRETTY HARD LOOK AT IT.
>> Rosemary: OBVIOUSLY THE 
PREMIER WAS ASKING FOR I DON'T 
KNOW IF IT WAS A BAILOUT BUT 
SOMETHING ON PAR WITH WHAT THE 
AUTO SECTOR GOT.
THIS IS ABOUT BRIDGE FINANCING 
AND LENDING.
DO YOU THINK THAT WILL BE TRUE 
FOR YOUR COMPANY AND INDUSTRY IN
A GENERAL WAY?
>> Caller: THE FEDERAL 
GOVERNMENT HAS COME OUT WITH ON 
ME LIQUIDITY ASSISTANCE FOR WHAT
I WOULD CALL THE SMALLER END OF 
THE INDUSTRY.
I THINK IT WAS GREAT NEWS TO 
HEAR THEM COME OUT WITH 
SOMETHING THAT RECOGNIZES THAT 
THE LARGE INDUSTRY PLAYERS ARE 
ALSO REALLY AFFECTED.
FRANKLY, IT'S THOSE LARGE 
INDUSTRY PLAYERS WITH THEIR 
SIGNIFICANT PRODUCTION THAT IS 
GOING TO HELP THE ECONOMY COME 
OUT OF THIS.
I THINK IT'S DEFINITELY HELPFUL 
NOW THERE'S SOMETHING FOR ALL 
RANGE OF PRODUCERS.
>> Rosemary: ONE OF THE THINGS 
THAT THE PRIME MINISTER SAID WAS
THAT THE GOVERNMENT WAS REALLY A
LENDER OF LAST RESORT, WHICH 
MADE ME QUESTION WHETHER 
FINANCIAL INSTITUTIONS ARE NOT 
ABLE TO PUT FORWARD LIQUIDITY 
FOR MOST BUSINESSES.
AGAIN, THIS ISN'T YOUR CASE, BUT
ARE YOU HEARING THAT THAT IS A 
PROBLEM, THAT BANKS JUST DON'T 
SIMPLY FEEL COMFORTABLE 
PROVIDING FURTHER LIQUIDITY TO 
MAJOR COMPANIES?
>> Caller: I THINK THE -- NO, MY
EXPERIENCE IS THE CANADIAN BANKS
IN PARTICULAR HAVE GENERALLY 
BEEN DOING EVERYTHING THEY CAN, 
BUT I THINK ONE OF THE 
CHALLENGES WITH THE COMMODITY 
PRICE AS LOW AS IT IS RIGHT NOW,
ALBEIT FOR A RELATIVELY SHORT 
PERIOD OF TIME, I THINK THERE'S 
ONLY SO MUCH LENDING THAT THE 
BANKS CAN DO WITH THAT KIND OF 
COLLATERAL JUST WITH THE LOWER 
PRICES.
SO I THINK THE COMBINATION OF 
THE BANKS AND WITH THE 
GOVERNMENT'S SUPPORT HOPEFULLY 
WILL BE VERY HELPFUL TO SEE THIS
INDUSTRY THROUGH TO THE OTHER 
SIDE, WHERE IT CAN HELP LEAD THE
RECOVERY.
>> Rosemary: YOU MAY HAVE HEARD 
AS WELL THAT THIS BRIDGE 
FINANCING HAS A COMPONENT WHERE 
YOU NEED TO BE WORKING TOWARDS 
THE CLIMATE TARGETS.
CENOVUS HAS BEEN AHEAD OF SOME 
OF THAT, BUT IS THAT GENERALLY 
SOMETHING THAT WOULD BE 
COMFORTABLE FOR THE INDUSTRY, TO
MAKE THAT PART OF THE CONDITION 
OF BRIDGE FINANCING?
>> Caller: YEAH, I THINK -- I 
CAN ONLY SPEAK ON BEHALF OF OUR 
COMPANY, BUT I KNOW WE HAVE BEEN
REPORTING IN COMPLIANCE WITH THE
GOVERNMENT'S TASK FORCE FOR I 
THINK GOING ON THREE YEARS.
YOU ALLUDED TO THE FACT THAT WE 
HAVE ALREADY MADE VERY 
SIGNIFICANT COMMITMENTS TO 
IMPROVE OUR G.H.G. INTENSITY 
OVER THE NEXT DECADE.
THAT'S NOTHING THAT'S 
PARTICULARLY WORRISOME TO US.
AND I KNOW THAT MOST OF OUR 
COMPETITORS HAVE DONE THE SAME 
THING.
SO I THINK THE INDUSTRY HAS THAT
ISSUE IN -- CERTAINLY IN ITS 
SIGHTS.
I THINK EVERYBODY IS LARGELY 
MOVING IN THAT DIRECTION.
>> Rosemary: THIS IS OBVIOUSLY 
SO DIFFERENT FROM 2008 AND 2009 
BECAUSE OF THE FACT THAT WE'VE 
HAD TO SORT OF SHUT DOWN THE 
ECONOMY, BUT THE OIL INDUSTRY 
HAS BEEN AFFECTED BY THE LOW 
PRICE IN OIL, BY THIS DISPUTE 
BETWEEN RUSSIA AND SAUDI ARABIA.
IT WAS REALLY THE WORST OF THE 
WORST OF THE WORST FOR THE OIL 
AND GAS INDUSTRY.
HOW ARE YOU APPROACHING IT 
DIFFERENTLY BECAUSE IT IS SUCH 
AN UNPRECEDENTED KIND OF EVENT?
AND DO YOU THINK YOU WILL BE 
ABLE TO COME OUT THE OTHER SIDE 
AND BE DOING THE SAME TYPE OF 
BUSINESS YOU WERE BEFORE?
>> Caller: ROSEMARY, MY OWN VIEW
ON THAT IS THIS IS A -- THIS IS 
AN EXTRAORDINARY SITUATION.
I CAN'T RECALL IF IT'S TWO 
BLOCKS ONES OR THREE BLOCKS 
ONES, BUT I FUNDAMENTALLY DO NOT
BELIEVE WHEN THE WORLD COMES OUT
OF THIS, WHETHER IT'S IN TWO 
MONTHS, SIX MONTHS, EIGHT 
MONTHS, I DON'T BELIEVE THAT THE
FUNDAMENTAL RELIANCE ON OIL AND 
GAS IS GOING TO CHANGE.
I THINK PEOPLE WILL BE DRIVING 
CARS.
I THINK PEOPLE WILL EVENTUALLY 
GET ON PLANES.
WE'RE ALREADY SEEING, FOR 
EXAMPLE, IN CHINA, WHO IS 
OBVIOUSLY MUCH FURTHER AHEAD IN 
THEIR RECOVERY, WE'RE SEEING 
REFINED PRODUCT DEMAND GETTING 
BACK TO WHERE IT WAS BEFORE THE 
PANDEMIC.
SO I DO THINK WE'RE GOING TO GET
BACK THERE.
I THINK AS LONG AS COMPANIES 
HAVE ACCESS TO TEMPORARY 
LIQUIDITY TO GET THEM THROUGH 
THAT SHORT, SHARP PERIOD, I 
THINK YOU WILL SEE THE OIL AND 
GAS INDUSTRY BE ONE OF THE 
INDUSTRIES THAT DRIVES THE 
RECOVERY AS WE COME OUT OF THIS.
>> Rosemary: ONE LAST QUESTION 
TO YOU.
LAST WEEK THERE WAS A LOT OF 
NOISE MADE IN ALBERTA.
THE PREMIER WAS NOT HAPPY.
THE GREEN PARTY INTERIM LEADER 
OR THE HOUSE LEADER, ELIZABETH 
MAY, AND THE BLOC LEADER ALSO 
TALKED ABOUT THE OIL SECTOR 
BEING DEAD.
OBVIOUSLY THIS ACCOUNTS FOR A 
10% OF CANADA'S G.D.P. AND 
EMPLOYS A LOT OF PEOPLE.
WHAT WAS YOUR REACTION WHEN YOU 
HEARD THAT NOTION BEING THROWN 
AROUND, THAT THIS IS PERHAPS THE
TIME TO DRAMATICALLY SHIFT IN A 
DIFFERENT DIRECTION?
>> Caller: I MEAN, I JUST THINK 
ON ITS FACE IT'S A RIDICULOUS 
COMMENT, ROSEMARY.
IF YOU LOOK AT THE 2008/2009 
CRISIS, IT WAS ACTUALLY THE 
CANADIAN OIL AND GAS SECTOR 
WHICH LED THE CANADIAN ECONOMY 
BACK.
WE EMPLOY 14,000 INDIGENOUS 
PEOPLE AND WE CONTRIBUTED $128 
MILLION TO CANADA'S G.D.P.
SO SUGGEST THIS IS A SUNSET 
INDUSTRY, IT'S NOT A SERIOUS 
COMMENT.
WHEN WE COME OUT OF THIS, THE 
CANADIAN GOVERNMENT IS GOING TO 
NEED REVENUE SOURCES TO TAKE ON 
THIS INCREDIBLE DEFICIT THAT 
WE'VE HAD TO TAKE ON TO DEAL 
WITH THE PANDEMIC.
I THINK IT'S GOING TO BE 
INCREDIBLY IMPORTANT THAT THE 
LARGEST INDUSTRY IN THE COUNTRY 
IS HEALTHY AND ABLE TO 
CONTRIBUTE AND CONTINUE TO 
PROVIDE REVENUE TO THE 
GOVERNMENT, AS WE HAVE FOR THE 
LAST 50 OR 60 YEARS.
>> Rosemary: JUST QUICKLY, 
MR. POURBAIX.
HAVE YOU HAD TO FURLOUGH OR LAY 
OFF EMPLOYEES?
CAN YOU GIVE ME A SENSE OF WHAT 
YOU'VE DONE ON THAT FRONT?
>> Caller: NO.
WHAT WE DID RATHER THAN THAT IS 
ASKED EMPLOYEES ALL THE WAY UP 
TO MYSELF AND THE BOARD TO 
INCREASE LEVELS OF PAY CUTS AND 
WE HAVE KEPT ALL OF OUR 
FULL-TIME EMPLOYEES WORKING, 
ALBEIT WITH MODEST PAY CUTS.
>> Rosemary: THANK YOU, ALEX 
POURBAIX, FOR GETTING YOUR VOICE
ON TODAY.
THAT IS THE C.O. OF CENOVUS 
ENERGY.
WE ARE GOING TO GO TO THE 
FEDERAL BRIEFING HAPPENING HERE 
IN OTTAWA WITH THE DEPUTY PRIME 
MINISTER.
>> [Speaking French] [Voice of 
Interpreter] WHO DO EXCEPTIONAL 
WORK EVERY DAY, PARTICULARLY IN 
THE FIGHT AGAINST THIS PANDEMIC.
THANK YOU FOR EVERYTHING YOU DO 
TO KEEP US HEALTHY AND SAFE.
YOU ARE OUR REAL HEROES.
[end of translation] TO ALL OF 
CANADA'S FRONTLINE HEALTHCARE 
WORKERS, WE KNOW THIS IS A 
PARTICULARLY CHALLENGING TIME.
THIS IS NATIONAL NURSING WEEK 
AND I WOULD LIKE TO THANK ALL OF
THE NURSES ACROSS CANADA WHO ARE
DOING EXCEPTIONAL WORK EVERY 
DAY, AND IN PARTICULAR DURING 
THIS FIGHT AGAINST THE GLOBAL 
PANDEMIC.
THANK YOU FOR EVERYTHING YOU DO 
TO KEEP US SAFE AND HEALTHY.
YOU ARE TRUE HEROES AND WE 
APPRECIATE IT SO MUCH.
TODAY WE WILL HEAR FROM CANADA'S
CHIEF PUBLIC HEALTH OFFICER, 
DR. THERESA TAM, THE DEPUTY 
CHIEF PUBLIC HEALTH OFFICER, 
DR. NJOO, THE PRESIDENT OF THE 
TREASURY BOARD, JEAN-YVES 
DUCLOS, AND MINISTER PATTY 
HAJDU.
>> GOOD AFTERNOON, EVERYONE.
THE LATEST NUMBERS ARE 69,156 
CONFIRMED CASES, INCLUDING 4,906
DEATHS, AND OVER 32,400, OR 47% 
HAVE NOW RECOVERED.
LABS ACROSS CANADA HAVE TESTED 
OVER 1,118,000 PEOPLE FOR 
COVID-19 TO DATE, WITH ABOUT 6% 
OF THESE TESTING POSITIVE.
IN THE PAST WEEK, WE'VE TESTED 
AN AVERAGE OF 26,000 PEOPLE 
DAILY.
THESE NUMBERS CHANGE QUICKLY AND
ARE UPDATED REGULARLY ON 
Canada.ca/coronavirus.
WE ARE AT THE START OF ANOTHER 
WEEK, AFTER CELEBRATING OUR 
MOTHERS AND CAREGIVERS, WHETHER 
WITH US IN OUR HOME, JUST A 
VIRTUAL CONNECTION AWAY, OR OUR 
BELOVED AND UNFORGETTABLE IN 
THEIR MEMORIES, WE UNDERSTAND 
THEIR NURTURING.
NURTURING IS THE SILENT CATALYST
THAT SPEEDS UP THE HEALING OF 
OUR CUTS AND SCRAPES, CALMS OUR 
FEARS, AND GIVES US A 
REASSURANCE THAT EVERYTHING WILL
BE OKAY.
THIS BRINGS ME TO A RECOGNITION 
OF SOME OF THE IMPORTANT 
NURTURERS IN OUR SOCIETY.
TODAY MARKS THE BEGINNING OF 
NATIONAL NURSING WEEK.
WE KNOW THAT NURSES DELIVER CARE
WITH THE SPECIAL POWER OF 
NURSING.
WE ARE AWARE OF THE MANY 
SACRIFICES THEY HAVE MADE TO BE 
THERE FOR THEIR PATIENTS IN 
EVERY AREA OF HEALTHCARE DURING 
THIS CRISIS, BUT THEIR IMPACT 
GOES BEYOND THIS SPANNING EVERY 
AREA OF HEALTHCARE SERVICES, 
FROM EDUCATION, THE DEVELOPMENT 
OF GUIDELINES, THE DELIVER OF 
THINGS LIKE VACCINATION, 
INFECTION CONTROL, AND 
CONTRIBUTING TO RESEARCH AND 
INNOVATION.
NURSES CONTRIBUTE TO WELLNESS 
EVERYWHERE, AND WE ARE ALSO VERY
MUCH BETTER FOR IT.
SO THIS WEEK, LET'S THANK THE 
NURSES, WITH A 7:00 P.M. CHEER 
FROM YOUR DRIVEWAY OR SHINE A 
LIGHT IN YOUR WINDOW FOR ALL 
NURSES.
TUESDAY NURSES ARE COMMEMORATING
THE 200th ANNIVERSARY OF 
FLORENCE NIGHTINGALE.
SLOWLY, BUT WITH UNSHAKEABLE 
PURPOSE, SHE RAISED THE 
STANDARDS AND PROFILE OF NURSING
AND PUT AN INDELIBLE FOCUS ON 
THE EDUCATION OF NURSES.
SO IN APPRECIATION FOR THE 
NURTURING, DAILY SACRIFICES, 
DEEP EXPERTISE, AND UNSHAKEABLE 
PROFESSIONALISM OF NURSES 
EVERYWHERE, SHINE A LIGHT IN 
YOUR WINDOW ON TUESDAY NIGHT.
THANK YOU.
MERCI.
>> THANK YOU VERY MUCH, DR. TAM.
[Speaking French] [Voice of 
Interpreter] AND NOW I GIVE THE 
FLOOR TO DR. NJOO.
>> THANK YOU.
HELLO.
AS USUAL, I WILL START WITH THE 
LATEST NUMBERS ON COVID-19 IN 
CANADA.
THERE ARE NOW 69,156 CONFIRMED 
CASES, INCLUDING 4,906 DEATHS 
AND 3,100, ROUGHLY 47%, 
RECOVERED.
LABS HAVE TESTED OVER 1,118,000 
PEOPLE ACROSS CANADA FOR 
COVID-19, WITH ABOUT 6% OF THESE
ROUGHLY TESTING POSITIVE.
IN THE LAST WEEK, WE'VE TESTED 
ON AVERAGE 26,000 PEOPLE DAILY.
THESE NUMBERS CHANGE QUICKLY AND
ARE UPDATED REGULARLY ON 
Canada.ca/coronavirus.
WE ARE AT THE START OF ANOTHER 
WEEK, AFTER CELEBRATING OUR 
MOTHERS AND CAREGIVERS, WHETHER 
WITH US IN OUR HOME, JUST A 
VIRTUAL CONNECTION AWAY, OR 
BELOVED AND UNFORGETTABLE IN OUR
MEMORIES.
WE ALL SHARE THE UNDERSTANDING 
OF THE POWER OF THEIR NURTURING.
SO MY WEEKEND REFLECTION WAS ON 
THE FUNDAMENTAL HUMAN NEED FOR 
THIS MOST POWERFUL FORCE OF 
GOOD.
NURTURING IS THAT SILENT 
CATALYST THAT SPEEDS UP THE 
HEALING OF OUR CUTS AND SCRAPES,
CALMS OUR FEARS, AND GIVES US A 
REASSURANCE THAT EVERYTHING WILL
BE OKAY.
THIS BRINGS ME TO A SPECIAL WEEK
OF RECOGNITION AND 
ACKNOWLEDGEMENT, AS SOME OF THE 
IMPORTANT NURTURERS IN OUR 
SOCIETY.
TODAY MARKS THE BEGINNING OF 
NATIONAL NURSING WEEK.
WE ALL KNOW THAT NURSES DELIVER 
EXPERT CARE WITH THAT SPECIAL 
POWER OF NURTURING, AND WE HAVE 
BEEN VERY AWARE OF THE MANY 
SACRIFICES THEY HAVE MADE TO BE 
THERE FOR THEIR PATIENTS IN 
EVERY AREA OF HEALTHCARE DURING 
THIS CRISIS.
HOWEVER, THEIR EXPERTISE AND 
IMPACT GOES FAR BEYOND THIS, 
SPANNING EVERY AREA FROM 
EDUCATION TO THE DEVELOPMENT OF 
STANDARDS AND GUIDELINES, THE 
DELIVERY OF PUBLIC HEALTHCARE 
PROGRAMS LIKE IMMUNIZATION, THE 
PREVENTION OF INFECTION AND 
CONTROL, AND CONTRIBUTING TO 
RESEARCH AND INNOVATION.
NURSES CONTRIBUTE TO WELLNESS 
EVERYWHERE, AND WE ARE ALL SO 
MUCH BETTER FOR IT.
SO THIS WEEK, LET'S ALL THANK 
CANADA'S NURSES.
JOIN A 7:00 P.M. CHEER FROM YOUR
DRIVEWAY.
DRAW A THANK YOU SIGN FOR 
HEALTHCARE HEROES IN YOUR 
COMMUNITY, OR SHINE A LIGHT IN A
WINDOW FOR ALL NURSES ON TUESDAY
NIGHT.
WHY TUESDAY?
BECAUSE NURSES EVERYWHERE ARE 
COMMEMORATING THE 200th VARIOUS 
OF THE BIRTH OF FLORENCE 
NIGHTINGALE, WHO REVOLUTIONIZED 
THE FIELD OF NURSING.
IT WAS A REVOLUTION THAT STARTED
SMALL, IMPLEMENTING HYGIENE AND 
HAND WASHING PRACTICES TO SAVE 
LIVES, BY PREVENTING THE SPREAD 
OF LIFE-THREATENING INFECTIONS.
THEN SLOWLY, BUT WITH 
UNSHAKEABLE PURPOSE, SHE RAISED 
THE STANDARDS AND PROFILE OF 
NURSING AND PUT AN INDELIBLE 
FOCUS ON THE EDUCATION OF 
NURSES.
WITH DAILY SACRIFICES, DEEP 
EXPERTISE, AND UNSHAKEABLE 
NURSES EVERYWHERE, SHINE A LIGHT
IN YOUR WINDOW ON TUESDAY NIGHT.
>> THANK YOU, DR. NJOO.
NOW I GIVE THE FLOOR TO 
MR. DUCLOS.
>> THANK YOU, CHRYSTIA.
HELLO, EVERYONE.
THE PRIME MINISTER'S MAIN 
MESSAGE TODAY WAS ABOUT 
PROTECTION, KEEPING PEOPLE SAFE,
AND ALSO ESTABLISHING A NEW 
CREDIT PROGRAM FOR LARGE 
CORPORATIONS.
IT IS TO PROTECT WORKERS AND 
ENSURE THAT THEIR COLLECTIVE 
AGREEMENTS ARE RESPECTED AND IT 
IS AN INVESTMENT PLAN TO 
GUARANTEE JOBS, GIVEN THE 
SITUATION WE'RE LIVING THROUGH.
SECOND, WE WANT TO ESTABLISH A 
SOLID MECHANISM, GIVEN THE 
SITUATION WE'RE FACING, FOR 
D
LANDOWNERS AND MANAGERS.
WE WANT TO AVOID COMPANIES FROM 
GOING BANKRUPT.
WE WANT TO ENSURE THEIR PENSION 
PLANS ARE PROPERLY MANAGED.
ALSO, WE WANT TO PROTECT THE 
RESILIENCE OF OUR ECONOMY WHEN 
WE DO RESTART OUR ECONOMY.
WE HOPE IT WILL BE LASTING AND 
WE NEED TO MAKE SURE THAT LARGE 
CORPORATIONS WILL BE SUPPORTED, 
BUT SHOWING THAT THEY'RE 
FIGHTING CLIMATE CHANGE AND HAVE
SOLID ENVIRONMENTAL MEASURES IN 
PLACE.
THEY HAVE TO GUARANTEE THAT 
THEY'RE MAINTAINING SUPPLY 
CHAINS AND ALSO WITH SMALL- AND 
MEDIUM-SIZED COMPANIES, THEY ARE
THE VERY FABRIC OF OUR ECONOMY.
SO ALL OF THIS IS PART OF AN 
EMERGENCY PLAN THAT IS BOTH FAIR
AND TRANSPARENT AND UNIVERSAL.
THANK YOU VERY MUCH, CHRYSTIA.
>> THANK YOU VERY MUCH, 
JEAN-YVES.
WE'RE HAPPY TO ANSWER YOUR 
QUESTIONS NOW.
THANK YOU.
[end of translation]. 
>> JUST A REMINDER THAT WE HAVE 
A HARD STOP AT 1:00 P.M., SO WE 
WILL START ON THE PHONE WITH 
THREE QUESTIONS AND THREE FOLLOW
UPS, AND THEN TURN TO THE ROOM.
OPERATOR.
>> Operator: THANK YOU.
THE FIRST QUESTION IS FROM "THE 
CANADIAN PRESS."
>> Question: [Speaking French] 
[Voice of Interpreter] HELLO.
MR. DUCLOS, CAN YOU EXPLAIN THE 
LOGIC BEHIND THIS SUPPORT FOR 
LARGE CORPORATIONS.
 AND THE AIRLINE SECTOR, FOR 
EXAMPLE.
WE KNOW THAT THEIR MEDIUM OR 
SHORT-TERM FUTURE MIGHT BE 
DIFFICULT GIVEN THE SITUATION.
WHAT GUARANTEES CAN YOU GIVE 
THAT ALL THIS MONEY THAT WILL BE
SPENT ON THESE COMPANIES AND 
KEEPING THEM AFLOAT WON'T BE FOR
NAUGHT, BECAUSE THEY WILL BE 
DOING LAYOFFS, THEY'VE HAD TO 
CUT BUSINESS?
>> Answer: THESE ARE EMERGENCY 
LOANS.
THEY'RE NOT BLANK CHEQUES.
SO THESE LOANS WILL BE OFFERED 
TO ENSURE WE CAN SUPPORT A 
TRANSITION FROM THIS CRISIS TO 
AVOID SOME OF THESE LARGE 
CORPORATIONS FROM HAVING TO SHUT
THEIR DOORS AND LAYOFF THOUSANDS
OF WORKERS.
THEY WILL HAVE TO ALSO CUT 
SUPPLY CHAINS THAT ARE VERY 
IMPORTANT BETWEEN THESE LARGE 
CORPORATIONS AND SMALL- AND 
MEDIUM-SIZED COMPANIES.
AS I SAID, THEY ARE THE VERY 
FABRIC OF OUR ECONOMIC GROWTH 
AND ECONOMY IN CANADA, AND 
NOTABLY IN QUEBEC.
SO WE HAVE TO MAKE SURE WE 
PROTECT OUR ECONOMIC FABRIC 
THROUGHOUT THIS CRISIS THAT WE 
NEED TO RESTART OUR ECONOMY, AND
WE KNOW THIS INVOLVES AN 
EMERGENCY LOAN PLAN FOR SOME OF 
THESE LARGE CORPORATIONS.
IT'S NOT A BLANK CHEQUE.
IN MOST CASES, THESE LARGE 
COMPANIES WILL PREFER TO 
CONTINUE TO GET LIQUIDITY FROM 
TRADITIONAL FINANCIAL MARKETS, 
BUT THEY SHOULD BE ABLE TO TURN 
TO CANADIAN GOVERNMENTS IN SOME 
CONDITIONS, BUT THERE WILL BE 
REQUIREMENTS THAT WILL BE IN 
PLACE.
>> Question: THANK YOU.
I UNDERSTOOD THAT THESE WERE 
LOANS, MR. DUCLOS.
BUT I WOULD LIKE TO -- FOR YOU 
TO EXPLAIN WHAT WILL BE 
HAPPENING FOR AIRLINES.
WILL GOVERNMENTS BE GIVING 
COMPANIES FUNDING TO AIRLINES?
WE'VE SEEN AUTOMOTIVE COMPANIES 
DID NOT PAY BACK GOVERNMENT 
LOANS.
WHAT IS THE LOGIC BEHIND HELPING
THESE COMPANIES FINANCIALLY, 
PARTICULARLY AIRLINES, WHEN WE 
KNOW IN THE SHORT AND MEDIUM 
TERM AND PERHAPS THE LONGER 
TERM, THAT THEY WILL HAVE LESS 
AND LESS BUSINESS?
>> Answer: ONE THING WE KNOW IS 
THESE AIRLINES WILL CONTINUE TO 
SEE SIZEABLE LOSSES.
WHAT WE KNOW IN THE LONGER TERM 
IS THAT WE WILL NEED SOLID 
AIRLINES IN CANADA.
FROM A STRUCTURAL AND A NATIONAL
PERSPECTIVE, THESE AIRLINES AND 
TRANSPORTERS IN GENERAL WILL 
PLAY A MAJOR ROLE TO PROTECT THE
FABRIC OF OUR CANADIAN ECONOMY.
IT IS VERY IMPORTANT TO PROTECT 
AIRLINES AND TRANSPORTERS IN 
CANADA.
WE NEED TO BE SOLID SO THAT ONE 
DAY WE CAN GET OUT OF THIS 
CRISIS.
>> NEXT QUESTION, PLEASE.
[end of translation]. 
>> Operator: RYAN MULTY FROM THE
NATIONAL POST.
PLEASE GO AHEAD.
>> Question: THIS IS FOR DR. TAM
OR PERHAPS MINISTER HAJDU.
I'VE BEEN TALKING TO PEOPLE 
ABOUT CANADA'S ABILITY TO 
PRODUCE LARGE QUANTITIES OF 
VACCINE WHEN ONE IS FOUND FOR 
COVID-19.
I WONDER IF THAT'S A CONCERN FOR
YOU, IF YOU THINK THE RESOURCES 
ARE HERE.
I KNOW CANADA DOES PRODUCE A LOT
OF VACCINE, BUT THOSE FACTORIES 
ARE ALREADY FULL OF OTHER 
ORDERS.
>> Answer: WELL, THANK YOU VERY 
MUCH FOR THE QUESTION.
AND, IN FACT, THAT'S PART OF THE
WORK WE'VE BEEN DOING IN TERMS 
OF WORKING WITH PROMISING 
COMPANIES ACROSS THE COUNTRY, 
PARTICULARLY WHEN IT COMES TO 
VACCINE PRODUCTION.
CERTAINLY WE HAVE A WAYS TO GO, 
AS YOU KNOW.
THERE IS QUITE A BIT OF WORK TO 
DO IN THE SPACE OF VACCINE 
CREATION AND PRODUCTION, BUT 
THAT IS SOMETHING WE ARE WORKING
ON.
MY COLLEAGUE MINISTER BAINS HAS 
BEEN EXTREMELY ACTIVE IN THIS 
SPACE, MAKING SURE THAT CANADIAN
COMPANIES WHO HAVE THE CAPACITY 
OR DESIRE TO DO THAT HAVE 
SUPPORT FROM THE GOVERNMENT TO 
QUICKLY RAMP UP.
MAYBE I'LL TURN TO DR. TAM TO 
SPEAK ABOUT WHERE THE 
INTERNATIONAL COMMUNITY IS AT IN
TERMS OF VACCINE DEVELOPMENT.
>> WELL, I THINK WE'RE STILL IN 
THIS RELATIVELY EARLY STAGE 
WHERE THERE'S A LOT OF RESEARCH,
WHICH IS GREAT NEWS.
I WOULD SAY OVER 100 DIFFERENT 
CANDIDATES BEING LOOKED AT RIGHT
NOW AS POTENTIALS, SOME GOING 
INTO EARLY-STAGE CLINICAL 
TRIALS, SO IT IS STILL EARLY 
STAGES.
NONETHELESS, WE ARE ENGAGING ALL
THE CAPACITIES IN CANADA TO HAVE
A LOOK AT WHAT IS THE REALM OF 
POSSIBILITY.
WE DON'T HAVE A LEAD CANDIDATE 
YET, BUT WE ARE MONITORING ALL 
OF THESE AND LOOKING AT DOMESTIC
CAPABILITIES LINKED TO IT.
SO IT IS A RAPIDLY EVOLVING 
SETTING, BUT WE ARE LOOKING 
DOWNSTREAM TO WHEN YOU HAVE TO 
VACCINATE THE POPULATION AND THE
SUPPLIES.
SO REALLY THE WHOLE PIPELINE 
FROM BEGINNING TO END IS GOING 
TO BE LOOKED AT FROM A 
PREPAREDNESS PERSPECTIVE.
BUT RIGHT NOW YOU CAN'T ACTUALLY
SAY, HERE IS THE VACCINE, THAT 
WILL BE THE MOST SUCCESSFUL.
THAT IS STILL UNDERGOING 
EVOLUTION GLOBALLY, BUT WE ARE 
PART OF THAT RESEARCH 
INTERNATIONALLY.
SO I THINK WE NEED TO LOOK AT 
EVERY OPTION.
SOME OF THE INVESTMENTS THAT 
CANADA PUTS IN MAY NOT PAN OUT 
TO BE IN THE END A SUCCESSFUL 
CANDIDATE, BUT WE STILL NEED TO 
CONTRIBUTE RIGHT NOW AND 
MAXIMIZE ALL OF OUR OPTIONS.
>> RYAN, FOLLOW UP.
>> Question: YEAH, I JUST WANT 
TO ASK TWO.
WHEN I SPOKE WITH PEOPLE IN THE 
INDUSTRY THEY SAY CANADA MAKES 
MOST OF ITS OWN FLU VACCINE 
EVERY YEAR, BUT THERE'S 
OBVIOUSLY -- WELL, ONE, ONLY 
ABOUT 40% OF CANADIANS GET THE 
FLU VACCINE, SO THIS WOULD 
PRESUMABLY BE LARGER.
THOSE FACTORIES ARE TIED UP 
MAKING THAT VACCINE.
I WONDER IF AS A PUBLIC HEALTH 
MEASURE IF YOU WOULD REDUCE THE 
AMOUNT OF FLU VACCINE BEING MADE
A YEAR TO MADE A COVID VACCINE, 
SHOULD WE GET THERE, OBVIOUSLY?
>> Answer: I THINK IT'S 
DANGEROUS TO THINK ABOUT THINGS 
IN A ZERO-SUM WAY LIKE THAT.
WE CAN'T KEEP OUR EYE OFF 
INFLUENZA AS A HIGHLY CONTAGIOUS
AND ALSO LEADING TO THOUSANDS OF
DEATHS ACROSS CANADA AND THE 
COINCIDING OF A SPIKE OF THE 
FLU.
I DON'T THINK WE WOULD WANT TO 
BE IN THE POSITION OF DECREASING
THE PRODUCTION OF AN EXTREMELY 
VALUABLE AND IMPORTANT VACCINE 
TO INCREASE THE PRODUCTION OF 
ANOTHER.
WHAT WE'RE LOOKING TO DO IS 
EXPAND THE CAPACITY AND HAVE 
COMPANIES ACROSS CANADA THAT CAN
PRODUCE THE POTENTIAL COVID 
VACCINE.
I'LL ALSO POINT OUT THAT I THINK
IT'S REALLY IMPORTANT THAT WE 
WORK WITH THE INTERNATIONAL 
COMMUNITY ON THE COVID VACCINE, 
AS WE KNOW NO COUNTRY IS SAFE IF
THERE IS ONE CASE OF COVID.
SO CANADA HAS BEEN WORKING 
AGGRESSIVELY IN PARTNERSHIP AND 
CONTRIBUTING FINANCIAL RESOURCES
TO THE ACCELERATION OF 
DISCOVERING A VACCINE AND THE 
EVENTUAL PRODUCTION OF ONE.
>> I WOULD JUST ADD THAT IT'S 
NOT A VERY SIMPLE ANALYSIS 
BECAUSE THE COVID-19 VACCINE, 
WHICHEVER IS A POTENTIAL 
CANDIDATE, MAY NOT BE GROWN ON 
THE SAME PLATFORM AS THE 
INFLUENZA VACCINE.
FOR EXAMPLE, IF YOU HAVE AN EGG 
BASE INFLUENZA PLATFORM, THAT 
MIGHT NOT BE HOW YOUR COVID-19 
VACCINE IS GOING TO BE PRODUCED.
SO IT DEPENDS ON THE TECHNOLOGY 
AS WELL.
>> THANK YOU, DOCTOR.
OPERATOR, NEXT QUESTION, PLEASE.
>> Operator: OUR NEXT QUESTION, 
YOUR LINE IS OPEN.
>> Question: [Speaking French] 
[Voice of Interpreter] GOOD 
AFTERNOON.
I HAVE A QUESTION FOR 
MR. DUCLOS.
I'D LIKE TO FOLLOW UP ON A 
QUESTION THAT WAS ASKED EARLIER 
BY A COLLEAGUE TO THE PRIME 
MINISTER ABOUT THE EASING OF THE
LOCKDOWN.
IN CASE OF DOUBT, SHOULD WE STAY
AT HOME?
DO WE HAVE DOUBTS ABOUT 
SECURITY?
CAN I -- IF I DO AND I DON'T 
WANT TO GO TO WORK, CAN I 
CONTINUE TO RECEIVE THE CERB?
>> Answer: WE ARE IN A SPACE 
WHERE THERE ARE BIG DOUBTS AND 
SAFETY IS A QUESTION.
THERE ARE A LOT OF HOUSEHOLDS, 
AND THIS IS ON THE MINDS OF MANY
WORKERS.
THERE ARE BASIC RULES.
WE HAVE TO HAVE A GOOD 
RELATIONSHIP WITH OUR WORKER, 
AND IN APPROPRIATE CASES WE MAY 
NEED HELP FROM PUBLIC OFFICIALS 
IN PROVINCES SO THAT WE CAN 
ALLAY FEARS WITH THE -- AND BY 
WORKING WITH EMPLOYERS.
THAT'S THE MAIN OBJECTIVE.
WE WANT TO ENSURE THE SAFETY OF 
WORKERS AND ALSO THE FEELING 
THEY HAVE OF BEING SAFE AT WORK.
A LARGE PART OF OUR INDIVIDUAL 
WELL-BEING DEPENDS ON OUR 
WELL-BEING AT WORK.
IN THIS DIFFICULT CONTEXT WHICH 
CREATES BOTH DOUBTS AND 
INSECURITY, WORKERS NEED TO BE 
SUPPORTED BY THEIR WORKERS AND 
THEY EXPECT APPROPRIATE MEASURES
IN THIS WORK SITUATION.
>> Question: IF THE SCHOOL OR 
THE FACTORY WHERE I WORK OPENS 
ITS DOORS, I HAVE TO REACH AN 
AGREEMENT WITH MY EMPLOYER, BUT 
AT THE END OF THE LINE WHO KNOWS
IF I'M ELIGIBLE FOR THE CERB 
BECAUSE I DON'T FEEL IT'S SAFE 
AND I HAVE FEARS.
>> Answer: YOU SAY IT QUITE 
CORRECTLY, IF I FEEL THERE ARE 
HEALTH AND SAFETY ISSUES AT 
WORK, I HAVE THE RESPONSIBILITY 
TO TALK ABOUT THIS WITH MY 
EMPLOYER AND TO TALK ABOUT IT 
WITH HEALTH OFFICIALS AND 
EXPERTS.
IF THE RESPONSE IS NOT AS 
SATISFACTORY AS I WANT AS A 
WORKER, IF THE BASIC CONDITIONS 
AND THE EMPLOYER-EMPLOYEE 
RELATIONSHIP -- WELL, IT SHOULD 
BE DONE CORRECTLY.
IN THAT CASE, THE CERB IS THERE 
TO HELP AND SUPPORT MILLIONS OF 
WORKERS FINANCIALLY WHO DO NOT 
HAVE THE ABILITY TO GO TO WORK 
SAFELY OR IF THEY HAVE TO TAKE 
CARE OF A CHILD AT HOME OR LOST 
THEIR JOB BECAUSE OF COVID-19.
>> THANK YOU VERY MUCH.
QUESTION FROM THE ROOM NOW.
[end of translation]. 
>> Question: MINISTER HAJDU, WE 
JUST HAD MENTAL HEALTH WEEK.
I'M WONDERING, HOW CONCERNED ARE
YOU ABOUT A SECONDARY MENTAL 
HEALTH ECHO PANDEMIC THAT COULD 
HAPPEN BECAUSE OF ALL OF THIS?
>> Answer: WELL, THANK YOU VERY 
MUCH, MIKE, AND IT'S A GREAT 
QUESTION.
WE DID JUST HAVE MENTAL HEALTH 
WEEK.
WE KNOW THAT IT'S NOT JUST A 
SECONDARY WAVE, IT'S ACTUALLY 
HAPPENING RIGHT NOW THAT MANY 
CANADIANS ARE EXPERIENCING 
DISTRESS IN PROPORTIONS THAT WE 
HAVEN'T SEEN IN A VERY LONG 
TIME, WHETHER IT'S ANXIETY OR 
DEPRESSION, INCREASED DOMESTIC 
VIOLENCE, INCREASED SUBSTANCE 
USE.
THAT'S WHY WE'VE BEEN FOCUSED ON
MAKING SURE WE DON'T WAIT UNTIL 
THE RESOLUTION OF THE PANDEMIC 
TO PROVIDE RESOURCES, BUT RATHER
THEY'RE THERE RIGHT NOW.
I'VE TALKED ABOUT THOSE 
RESOURCES.
I'LL REMIND CANADIANS YOU CAN 
HAVE ACCESS TO FREE SUPPORT 
THROUGH THE WELLNESS PORT AT 
Canada.ca/coronavirus.
THAT SITE HAS A NUMBER OF USEFUL
SELF-ASSESSMENT TOOLS AND 
RESOURCES YOU CAN USE AND GET A 
CONNECTION TO PROFESSIONALS.
WE'VE ALSO TRANSFERRED MONEY TO 
PROVINCES AND TERRITORIES FOR 
BOTH TREATMENT, BY THE WAY, AS 
WELL AS MENTAL HEALTH SUPPORTS.
THAT'S IN ADDITION TO OUR 
PREVIOUS CONTRIBUTION THROUGH 
TRANSFER INCREASES IN THE LAST 
MANDATE.
BUT THERE WILL BE MORE TO DO.
WE KNOW THAT THIS SECONDARY 
PANDEMIC, IF YOU WILL, IS JUST 
IN MANY WAYS -- I WOULD SAY IT'S
JUST AS URGENT AS THIS ONE 
BECAUSE OF COURSE PEOPLE ARE 
STRUGGLING FOR A WHOLE BUNCH OF 
REASONS, INCLUDING OUR YOUNG 
PEOPLE, AND WE NEED TO BE ALL 
FOCUSED AT EVERY LEVEL OF 
GOVERNMENT TO HELP PEOPLE MANAGE
THROUGH THESE DIFFICULT TIMES. 
>> Question: YOU TALKED ABOUT 
THE WELLNESS TOGETHER PORTAL.
I'M JUST WONDERING, DOES THAT 
HAVE ENOUGH SUPPORTS THERE?
DO WE NEED TO DO OTHER STUFF?
IS THERE ENOUGH FUNDING?
IS THERE ANYTHING ELSE WE NEED 
TO DO BETTER?
>> Answer: SO FAR I'VE HEARD 
GOOD THINGS ABOUT THE WELLNESS 
TOGETHER PORTAL AND PROVINCES 
AND TERRITORIES HAVE THEIR OWN 
TOOLS AND ACCESSES TO 
PROFESSIONALS IN THEIR OWN 
JURISDICTIONS.
I THINK THERE'S ALWAYS MORE TO 
DO TO UNDERSTAND WHAT'S WORKING 
AND WHAT'S NOT WORKING.
I THINK THE CHALLENGE, HAVING 
COME FROM THIS SECTOR, IN SOME 
WAYS IN MY PAST, THE CHALLENGES 
THAT OFTENTIMES THERE ISN'T THE 
DIVERSITY FOR PEOPLE.
THE WAY WE TREAT SUBSTANCE USES 
ARE USUALLY STANDARD.
I'M LOOKING FORWARD TO HAVING 
MORE FULSOME CONVERSATIONS WITH 
OTHER PROVINCES AND TERRITORIES,
PROVIDERS, ABOUT HOW WE CAN ALL 
DO A BETTER JOB TALKING ABOUT 
MENTAL HEALTH AND MENTAL 
WELLNESS.
I THINK WE ALSO HAVE TO AS A 
SOCIETY CONTINUE TO WORK ON 
BREAKING DOWN BARRIERS TO TALK 
ABOUT MENTAL HEALTH IN A WAY 
THAT DOESN'T CREATE THAT BARRIER
OF STIGMA THAT STILL EXISTS FOR 
PEOPLE TO TALK ABOUT HOW THEY'RE
FEELING.
MANY PEOPLE ARE FEELING SAD AND 
LONELY AND SCARED AND THOSE ARE 
OKAY FEELINGS TO HAVE.
WE NEED TO REACH OUT AND 
ENCOURAGE EVERYONE TO SPEAK TO 
OUR FAMILIES AND PROFESSIONALS 
WHEN WE NEED TO.
THANK YOU.
>> Question: RACHAEL HAINS FROM 
CTV NATIONAL NEWS.
MY FIRST QUESTION IS FOR 
MINISTER HAJDU AND DR. TAM.
SCHOOLS IN SOME AREAS OF QUEBEC 
ARE OPENING TODAY, EVEN THOUGH 
THE NUMBERS THERE ARE STILL 
RELATIVELY HIGH.
HOW CONCERNED ARE YOU THAT KIDS 
ARE GOING TO BE USED AS GUINEA 
PIGS IN THIS REOPENING THAT 
WE'RE SEEING AND DOES THAT 
CONCERN YOU?
>> Answer: WELL, I THINK AS 
WE'VE ALL SAID AND ALL THE CHIEF
MEDICAL OFFICERS AGREE, WE NEED 
TO DO THINGS SLOWLY AND 
CAUTIOUSLY.
I THINK THE QUEBEC PUBLIC HEALTH
AUTHORITIES I'M SURE ARE 
MONITORING THIS EXTREMELY 
CLOSELY TO SEE WHAT THE INITIAL 
SCHOOL OPENING WOULD BE LIKE 
FROM A COVID-19 PERSPECTIVE.
BUT AS WE JUST SPOKE ABOUT 
MENTAL HEALTH AND OTHER ASPECTS 
OF SECONDARY EFFECTS, THEY'RE 
ALSO MONITORING THAT SIDE OF 
THINGS TOO, NOT JUST ILLNESS.
IT'S A COMPLEX PIECE OF 
DECISION-MAKING, BUT ALSO IT IS 
IN SOME WAYS -- YOU HAVE TO 
SUPPORT PARENTS AND INDIVIDUALS 
FOR MAKING THAT DECISION AND 
ALSO TEACHERS.
SO KIDS ARE CONNECTED TO 
TEACHERS AND THEIR FAMILIES, AND
THE FAMILIES COULD BE CONNECTED 
TO GRANDPARENTS, FOR EXAMPLE.
SO INDIVIDUAL SITUATIONS OF RISK
THAT I THINK ARE ACTUALLY A BIT 
DIFFERENT, AND THAT NEEDS TO BE 
LOOKED AT, AT A MORE LOCAL 
LEVEL.
TO BE SURE, WE KNOW THAT 
CHILDREN ON THE WHOLE, 
PARTICULARLY YOUNGER KIDS, DO 
EXHIBIT MILDER SYMPTOMS AND HAVE
LESS OF A SEVERE OUTCOME.
SO I THINK THAT GOES INTO ONE 
ASPECT OF IT.
IT IS A BALANCING BETWEEN THAT 
AND THE NEED FOR KIDS, 
PARTICULARLY VULNERABLE KIDS, I 
THINK THAT'S -- I KNOW THAT IN 
THE PUBLIC HEALTH DOMAIN, PEOPLE
ARE CONCERNED THAT CLOSING DOWN 
SCHOOLS ONLY IMPACTS THE MOST 
VULNERABLE.
THE OTHER THING IS THAT CHILDREN
OF ESSENTIAL SERVICE WORKERS AS 
WELL THAT NEED MAYBE SOME 
SUPPORT FROM A SCHOOL 
PERSPECTIVE.
>> Question: MINISTER HAJDU, DO 
YOU HAVE ANYTHING TO ADD?
>> I THINK DR. TAM COVERED IT 
WELL.
>> Question: AS A FOLLOW UP, WE 
ARE SEEING SOME VERY LARGE 
CITIES OPENING UP, LIKE TORONTO,
FOR CURBSIDE PICKUP, BUT THERE 
ARE STILL AGAIN HIGH NUMBERS OF 
CASES THERE, MORE SO THAN IN 
OTHER PLACES OF THE COUNTRY, 
WHERE THEY ARE NOT REOPENING, 
EVEN NEW BRUNSWICK HAD PUSHED 
BACK SOME DATES OF SCHOOL 
OPENING.
ARE YOU CONCERNED ABOUT THIS 
IMBALANCE OF OPENINGS THAT WE'RE
SEEING ACROSS THE COUNTRY?
>> Answer: WELL, THANK YOU VERY 
MUCH.
I THINK EACH JURISDICTION IS 
USING THE GUIDANCE FRAMEWORK 
THAT THE PROVINCES AND 
TERRITORIES, WITH THE PRIME 
MINISTER, WORKED OUT TO MAKE 
THEIR OWN JURISDICTIONAL 
DECISIONS ALONG WITH THE 
GUIDELINES THAT DR. TAM 
OUTLINED.
PREMIERS AND LOCAL POLITICIANS 
ARE WEIGHING DECISIONS ABOUT HOW
TO RESUME SOME FUNCTIONING OF 
THEIR COMMUNITIES, WHILE ALSO 
PROTECTING PEOPLE'S WELLNESS.
I THINK, AS DR. TAM TALKED 
ABOUT, THE DECISIONS ARE BEING 
DRIVEN THROUGH EPIDEMIOLOGY 
THAT'S LOCAL IN ITS CONTEXT AND 
A RISK-ASSESSMENT PROCESS.
WHEN DR. TAM TALKED ABOUT THE 
DOWNSIDE, THE COMING DOWN OF THE
PEAK, I THINK THAT'S WHERE WE'RE
AT.
I THINK ALL PREMIERS AND 
MUNICIPAL LEADERS UNDERSTAND 
THAT THERE WILL BE A PERIOD OF 
ADJUSTMENT AND THAT WE WILL HAVE
TO BE TAKING THESE DECISIONS, 
CAREFULLY MONITORING THE 
OUTCOMES OF THESE DECISIONS, AND
ADJUSTING THEM.
I THINK WE CAN ANTICIPATE THAT 
THERE WILL BE ADJUSTMENTS AS WE 
GO THROUGH THE NEXT PHASE, 
BECAUSE OF COURSE THIS IS A 
WHOLE NEW WAY OF BEHAVING, NOT 
JUST FOR LEADERS BUT FOR THE 
CITIZENS WHO LIVE IN THOSE 
COMMUNITIES.
I THINK THERE ARE SIMPLE 
MESSAGES CANADIANS CAN TAKE WITH
THEM, NO MATTER WHICH 
JURISDICTION, WASH YOUR HANDS, 
DON'T GO ANYWHERE IF YOU'RE 
SICK, AND MAKE SURE YOU KEEP 
YOUR TWO-METRE DISTANCE FROM 
PEOPLE AND OUT IN THE COMMUNITY.
THAT WILL HELP REDUCE RISK FOR 
THE COMMUNITY.
THANK YOU.
>> Question: MINISTER FREELAND, 
THE PREMIER OF ONTARIO, DOUG 
FORD, ON FRIDAY WAS VERY 
ADAMANT, HE DOESN'T WANT TO SEE 
THE U.S. BORDER REOPENED ANY 
TIME SOON.
CAN YOU ADDRESS HIS CONCERNS 
ABOUT THAT, GIVEN THAT THE 
AGREEMENT COMES UP IN A WEEK.
VERY SPECIFICALLY HE SAID, IF 
YOU GO ABOUT RELAXING 
RESTRICTIONS AT BORDERS FOR 
TRAVEL, THERE NEEDS TO BE 
TEN-FOLD SCREENING AT AIRPORTS.
WHAT PLEAS HAS YOUR GOVERNMENT 
GOTTEN TO ADDRESS THOSE 
CONCERNS?
>> Answer: THANK YOU FOR THE 
CONVERSATION.
WE HAD A VERY GOOD CONVERSATION 
WITH THE PREMIER ON THURSDAY AT 
THE NOW WEEKLY FIRST MINISTERS' 
CALL ABOUT THE CANADA-U.S. 
BORDER IN PARTICULAR.
WE ARE REALLY DAILY, EVEN 
HOURLY, REVIEWING AND WORKING ON
AND MONITORING THE BORDER 
SITUATION WITH OUR U.S. 
PARTNERS.
THE PRIME MINISTER WAS VERY 
CLEAR TODAY, AS HE IS EVERY DAY,
THAT WE BELIEVE IN ACTING OUT OF
AN ABUNDANCE OF CAUTION, THAT WE
BELIEVE IT'S VERY IMPORTANT NOT 
TO SQUANDER THE GAINS THAT 
CANADIANS HAVE SACRIFICED SO 
MUCH TO ACHIEVE, AND WE ARE 
GOING TO BE TAKING THAT PRUDENT 
AND CAREFUL APPROACH WHEN IT 
COMES TO REVIEWING OUR BORDER 
AGREEMENT WITH THE 
UNITED STATES.
THE PREMIERS VERY MUCH, 
INCLUDING PREMIER FORD, OFFERED 
SOME VERY USEFUL INPUT IN THE 
CONVERSATION ON THURSDAY AND 
WE'RE HAVING ONGOING 
CONVERSATIONS WITH THE 
AMERICANS.
>> Question: I'M NOT SURE THAT 
WAS AN ANSWER, BUT THAT'S OKAY.
>> Answer: NO, THAT WAS AN 
ANSWER.
WHAT I SAID WAS WE'RE WORKING 
CLOSELY WITH THE AMERICANS, THAT
WE'RE TAKING A CAUTIOUS AND 
CAREFUL APPROACH, AND WE HAD A 
GREAT AND USEFUL CONVERSATION 
WITH THE PREMIERS, WHO BY AND 
LARGE SHARE THIS CAUTIOUS VIEW.
>> Question: SO IS THERE A NEED 
FOR TEN-FOLD INCREASE IN 
SCREENING AT BORDERS AS PREMIER 
FORD SAID?
>> Answer: WHEN IT COMES TO THE 
SECOND PART OF YOUR QUESTION, 
ACTUAL MEASURES THAT ARE IN 
PLACE AT THE BORDER, RIGHT NOW 
THE SITUATION IS WORKING WELL.
IN FACT, I THINK PARTICULARLY AT
THE CANADA-U.S. BORDER, THE 
DISTINCTION BETWEEN ESSENTIAL 
AND NONESSENTIAL TRAVEL HAS 
MANAGED TO ACHIEVE OUR TWO 
OBJECTIVES OF KEEPING CANADIANS 
SAFE AND AT THE SAME TIME 
ALLOWING THOSE ESSENTIAL GOODS 
AND SERVICES TO CONTINUE MOVING 
FREELY ACROSS THE BORDER, SO 
THAT HAS AND IS WORKING.
OF COURSE, INEVITABLY AS OUR 
ECONOMY STARTS TO OPEN UP, 
SOMETHING WE'VE BEEN TALKING 
ABOUT TODAY, EVEN ABSENT A 
SINGLE CHANGE IN CANADA'S BORDER
RESTRICTIONS, WE WILL SEE MORE 
TRAVEL ACROSS THE BORDER.
WE WILL SEE MORE CANADIANS 
CHOOSING TO GO BACK AND FORTH, 
AND WE WILL SEE MORE BUSINESS 
ACTIVITY WHICH WILL MEAN MORE 
ESSENTIAL TRAVEL.
THAT WILILL MEAN THE FEDERAL 
GOVERNMENT WILL NEED TO DO EVEN 
MORE AT ALL OF OUR BORDERS TO 
KEEP CANADIANS SAFE AND WELL.
THAT IS SOMETHING WE ARE WORKING
ON NOW AND WE ARE FOCUSED ON.
>> THANK YOU, DEPUTY MINISTER.
WE'LL GO BACK TO THE PHONE FOR 
THREE QUESTIONS.
OPERATOR.
>> Operator: THANK YOU.
OUR NEXT QUESTION IS FROM "LE 
DEVOIR."
>> Question: [Speaking French] 
[Voice of Interpreter] DR. NJOO 
AND MR. DUCLOS, I WANT TO GO 
BACK TO SOMETHING MY COLLEAGUE 
ASKED YOU ABOUT.
WE'RE RESTARTING THE ECONOMY.
THERE ARE EMPLOYERS WHO ARE 
CALLING WORKERS BACK.
IN SOME CASES, WORKERS DON'T 
THINK THEY'RE SAFE.
I UNDERSTAND THAT YOU ARE TRYING
TO ENCOURAGE THE CONVERSATION 
BETWEEN EMPLOYERS AND EMPLOYEES 
ABOUT WORK SAFETY, BUT IF THEY 
DON'T REACH A MUTUAL 
UNDERSTANDING AND THE WORKER 
STILL DOESN'T WANT TO GO BACK TO
WORK, SHOULD THEY RECEIVE THE 
CERB OR NOT?
>> Answer: THANK YOU FOR YOUR 
QUESTION.  THE CERB IS THERE TO 
HELP WORKERS IN THREE TYPES OF 
CIRCUMSTANCES.
FIRST, IF THE WORKER LOST THEIR 
JOB BECAUSE OF COVID-19.
SECOND, IF THIS PERSON NEEDS TO 
TAKE CARE OF A CHILD AT HOME.
THIRD, IF THIS PERSON NEEDS HELP
TO ENSURE THEIR HEALTH AND 
SAFETY.
THAT IS WHAT THE EMPLOYER-WORKER
RELATIONSHIP REPOSES ON.
THE EMPLOYER HAS THE 
RESPONSIBILITY TO GUARANTEE THE 
HEALTH AND SAFETY OF THE WORKER 
AT THEIR WORKPLACE, BUT ALSO 
THEY HAVE TO ENSURE THAT WORKER 
HAS THE FEELING AND THE 
REASSURANCE OF SAFETY AND THAT 
THEIR HEALTH WILL ALSO BE 
PROTECTED.
IN ALL CASES, THIS REASSURANCE 
AND THIS FEELING DEPENDS ON AN 
IMPORTANT CONVERSATION BETWEEN 
THE WORKER AND THE EMPLOYER.
AS I SAID, THIS CONVERSATION MAY
NEED TO BE SUPPORTED BY 
DIRECTIVES AND ADDITIONAL 
INFORMATION FROM HEALTH 
OFFICIALS AND HEALTH AND SAFETY 
OFFICIALS ACROSS THE COUNTRY 
AND, NOTABLY, IN QUEBEC.
SO IT REALLY DEPENDS ON AN 
INDIVIDUAL CONTEXT.
>> Question: YOU'RE STILL NOT 
ANSWERING MY QUESTION, SO I'M 
NOT GOING TO LOSE MY TIME 
TALKING MORE ABOUT THAT.
BUT I'D LIKE TO HEAR WHAT YOU 
HAVE TO SAY ABOUT THE STUDENT 
CERB.
THE BILL WAS ADOPTED ALMOST TWO 
WEEKS AGO.
THERE'S A CERTAIN AMOUNT OF 
LATITUDE BEING TAKEN.
WE'VE HEARD THAT STUDENTS WILL 
BE GIVEN AVAILABLE JOBS AND THAT
THE -- THEY WILL BE ABLE TO EARN
A CERTAIN AMOUNT OF MONEY AND 
STILL RECEIVE THIS ASSISTANCE.
DO YOU HAVE ANYTHING MORE TO SAY
ABOUT THAT?
>> Answer: TWO THINGS.
THE EMERGENCY SUPPORT FOR 
STUDENTS IS OFFERED IN A MUCH 
BROADER CONTEXT.
THERE ARE SOLID MEASURES TO 
INCREASE JOBS AVAILABLE FOR 
STUDENTS.
MANY STUDENTS WILL HAVE A HARD 
TIME FINDING A JOB.
THEY'D LIKE TO FIND ONE RATHER 
THAN RECEIVING THE CERB FOR 
STUDENTS.
THEREFORE, WE ESTABLISHED 
MEASURES TO SUPPORT INTERNSHIPS,
VOLUNTEER WORK FOR STUDENTS, SO 
THAT WE CAN SUPPORT COMMUNITY 
ORGANIZATIONS.
THERE'S A CANADA SUMMER JOB 
PROGRAM.
THERE ARE CERTAIN MEASURES THAT 
WILL BE THERE TO ENHANCE JOBS, 
INCREASE THE JOBS THAT ARE 
AVAILABLE, BUT THERE WILL STILL 
BE SOME STUDENTS THAT WON'T BE 
ABLE TO WORK IN THE COMING 
MONTHS.
THE SECOND THING THAT WILL BE 
DONE IN COOPERATION WITH THE 
MINISTER OF REVENUE AND 
MS. QUALTROUGH, THE MINISTER OF 
EMPLOYMENT, IS TO ANNOUNCE A 
MECHANISM SO THAT STUDENTS BE 
ABLE TO RECEIVE THE STUDENT 
CERB.
>> THANK YOU, MINISTER.
NEXT QUESTION.
[end of translation]. 
>> Operator: THE NEXT QUESTION 
IS LAURA OSMOND WITH "THE 
CANADIAN PRESS."
PLEASE GO AHEAD.
>> Question: GOOD AFTERNOON, 
THIS QUESTION IS FOR MINISTER 
HAJDU AND DR. TAM.
SOME EXPERTS HAVE EXPRESSED 
CONCERNS ABOUT THE WAY CANADA 
GATHERS IMPORTANT HEALTH DATA, 
PARTICULARLY RELATED TO DEATHS 
THAT COULD CAUSE A DELAY IN 
GETTING IMPORTANT 
EPIDEMIOLOGICAL DATA.
WHY IS THIS PROCESS STILL BEHIND
IN CANADA AND IS IT HINDERING 
CANADA'S ABILITY TO GATHER THAT 
IMPORTANT DATA THAT OTHER 
COUNTRIES HAVE READY ACCESS TO?
>> Answer: YES, SO WE ARE IN THE
PROCESS OF LOOKING AT THAT DATA 
WITH STATISTICS CANADA, BECAUSE 
IT'S NOT JUST ABOUT COVID-19 
DEATHS, IT'S ALSO LOOKING AT 
SOME OF THE OTHER IMPACTS.
SO THAT IS ACTUALLY SOMETHING 
THAT IS TAKING PLACE.
AS WELL, WE ARE IN CONTACT WITH 
CORONERS AND MEDICAL EXAMINERS 
TO LOOK AT WHAT THEY CAN 
CONTRIBUTE TO AS WELL.
WE STARTED THAT -- BUILDING THAT
CAPACITY AS PART OF OUR ONGOING 
CRISIS IN TERMS OF DRUG-RELATED 
POISONINGS AND OVERDOSES.
SO WE ARE GOING TO TRY TO LINK 
WITH THAT PLATFORM AS WELL.
IT'S A VERY IMPORTANT POINT.
A NUMBER OF PIECES OF DATA THAT 
WE'RE LOOKING AT RIGHT NOW TO 
LOOK AT THOSE IN PARALLEL OR 
UNINTENDED CONSEQUENCES.
>> LAURA, FOLLOW UP.
>> Question: THANK YOU.
OTHER COUNTRIES SEEM TO HAVE A 
MORE AUTOMATED PROCESS FOR 
GETTING THIS TYPE OF 
INFORMATION.
IS CANADA'S PLATFORM SORT OF 
BEHIND THE TIMES ON THIS?
>> Answer: WELL, I THINK WE HAVE
HIGHLIGHTED SOME OF THE GAPS IN 
THE REAL-TIME INFORMATION ON THE
COVID-19 DEATHS THEMSELVES.
SO I THINK WE ARE DOING OUR VERY
BEST WITH THE PROVINCES TO TRY 
AND SEE IF WE CAN ADDRESS THOSE 
GAPS, SO I THINK THAT'S CLEAR, 
PARTICULARLY IN THE AREA OF THIS
AGGREGATED DATA.
STATISTICS CANADA WILL LOOK AT 
THE STATISTICAL ANALYZES.
IT'S INTERESTING THAT THE 
REPORTING OF DEATHS IS ACTUALLY 
NOT THAT REAL TIME OVERALL, WHEN
YOU CONSIDER THE FACT THAT 
THAT'S A VERY SPECIFIC OUTCOME.
BUT IT'S SOMETHING THAT WE'RE 
LOOKING AT TO SEE IF THERE'S 
DIFFERENT WAYS WE CAN ADDRESS 
THAT.
I THINK ACCESS TO MORTALITY IS 
SOMETHING WE HAVE TO LOOK AT 
RIGHT NOW IN PARALLEL WITH THE 
COVID-19 DEATHS.
>> THANK YOU, DOCTOR.
OPERATOR, NEXT QUESTION, PLEASE.
>> Operator: OUR NEXT QUESTION 
IS FROM ALEX BALLINGAL AT THE 
"TORONTO STAR."
>> Question: THANK YOU FOR 
TAKING MY QUESTION.
I THINK IT'S FOR MINISTER HAJDU.
JUST, WE'VE SEEN BASED ON OUR 
ANALYSIS FROM SOME OF COLLEAGUES
IN TORONTO AND ONTARIO THAT 
PRIVATE OR FOR-PROFIT LONG-TERM 
CARE HOMES HAVE HAD 
SIGNIFICANTLY MORE DEATHS FROM 
COVID-19 THAN PUBLIC ONES.
I'M WONDERING WHAT YOU THINK OF 
THAT AND IF IN THE REVIEWS OF 
OUR LONG-TERM CARE SYSTEM AND 
HOW WE CARE FOR VULNERABLE 
PEOPLE IN CANADA, IF LOOKING AT 
CHANGING THE WAY THAT FOR-PROFIT
CARE IS ALLOWED, WHETHER THAT 
WOULD BE BRINGING IT INTO THE 
PUBLIC SYSTEM, AND THAT'S 
SOMETHING YOU THINK SHOULD BE 
LOOKED AT AND DONE.
>> Answer: THANK YOU VERY MUCH, 
ALEX.
I THINK I'VE BEEN REALLY CLEAR 
THAT THERE IS THIS HEALTH CRISIS
HAS REALLY SHONE A LIGHT ON SOME
PARTICULAR VULNERABILITIES IN 
LONG-TERM CARE.
OBVIOUSLY DATA IS STARTING TO 
EMERGE ABOUT CERTAIN 
CHARACTERISTICS OF LONG-TERM 
CARE THAT HAVE CREATED EVEN MORE
RISKS FOR PEOPLE WHO LIVE THERE.
I THINK OUR GOVERNMENT IS VERY 
OPEN TO REVIEWING HOW LONG-TERM 
CARE IS DELIVERED IN THIS 
COUNTRY AND WORKING WITH 
PROVINCES AND TERRITORIES TO 
STRENGTHEN QUALITY OF LIFE AND 
SAFETY FOR SENIORS THAT LIVE IN 
CONGREGATE LIVING SETTINGS, AND 
I WOULD SAY ALL CONGREGATE 
SETTINGS, ALTHOUGH THERE IS A 
FOCUS ON LONG-TERM CARE, THERE 
ARE OTHER GROUPS OF INDIVIDUALS 
THAT LIVE IN CONGREGATE SETTINGS
AND ARE VULNERABLE.
I'M THINKING OF PEOPLE WITH 
DISABILITIES, FOR EXAMPLE, OR 
OTHER SPECIAL NEEDS THAT MAY BE 
SUPPORTED IN GROUP SETTINGS.
IN PARTICULAR, IN TERMS OF 
LONG-TERM CARE, I DON'T THINK 
THERE IS A MINISTER AMONGST US 
THAT WOULD DISAGREE THAT WE NEED
TO DO A BETTER JOB AND THE 
FEDERAL GOVERNMENT CAN PLAY SOME
LEADERSHIP ROLE IN THIS.
WE ARE HAVING THOSE 
CONVERSATIONS AS WE SPEAK.
NOT ONLY IN TERMS OF HOW WE 
RENEW THAT SYSTEM IN THE FUTURE,
BUT ALSO HOW WE BETTER SUPPORT 
LONG-TERM CARE RIGHT NOW, IN 
TERMS OF HOW THAT CARE IS 
DELIVERED AND UNDER WHAT MODEL 
TO ENSURE THAT SENIORS ARE SAFER
IN THEIR HOMES.
>> Rosemary: WE ARE GOING TO 
PULL AWAY FROM THE FEDERAL 
BRIEFING TO WRAP UP WHAT WE'VE 
HEARD OVER THE LAST HOUR WITH MY
COLLEAGUES VASSY KAPELOS AND 
DAVID COCHRANE.
PATTY HAJDU JUST MENTIONING THAT
THE FEDERAL GOVERNMENT IS OPEN 
TO LOOKING AT AND REVIEWING 
LONG-TERM CARE IN THIS COUNTRY.
DR. THERESA TAM SAID THAT THOUGH
LONG-TERM CARE CASES IN THIS 
COUNTRY ACCOUNT FOR 20% OF ALL 
CASES, IT'S 80% OF ALL DEATHS.
THAT'S GOING TO HAVE TO BE 
ADDRESSED IN A FUNDAMENTAL WAY.
THE FEDERAL GOVERNMENT WILL HAVE
TO PONY A FAIR AMOUNT OF CASH AS
SOME RESTRUCTURING HAPPENS 
THERE.
>> Vassy: A COUPLE OF THINGS.
THE QUESTION ABOUT THE BORDER.
THIS WAS SOMETHING WE SAW LATE 
IN THE DAY ON FRIDAY, THE 
PREMIER OF ONTARIO, DOUG FORD, 
COMING OUT SAYING HE WAS 
ADAMANT.
HE ALSO SAID WITH PREMIER JOHN 
HORGAN OF B.C., THAT THEY DO NOT
WANT THE RESTRICTIONS ON THE 
BORDER EASED ANY TIME SOON AND 
THE NUMBER OF SCREENINGS DONE AT
THE BORDER SHOULD BE INCREASED.
SOME QUESTIONS POSED TO DEPUTY 
PRIME MINISTER CHRYSTIA FREELAND
ON THAT.
NO SPECIFIC ANSWER GIVEN, BUT I 
GET THE IMPRESSION THAT THERE IS
NO DESIRE ON THE PART OF THE 
FEDERAL GOVERNMENT TO EASE THE 
RESTRICTIONS.
THAT SEEMS TO BE OF PRIMARY 
CONCERN FOR PREMIERS, OBVIOUSLY 
GIVEN WHAT'S HAPPENING WITH 
CASES IN THE UNITED STATES.
THAT WILL HAVE LONG-TERM 
IMPLICATIONS FOR THE ECONOMY AS 
WELL AS THE RELATIONSHIP BETWEEN
OUR TWO COUNTRIES.
THAT'S SOMETHING TO WATCH.
THE OTHER THING IS THE CERB.
OBVIOUSLY PREMIER FRANÇOIS 
LEGAULT IN QUEBEC IS ECHOING 
SOME OF THE CONCERNS FROM 
PREMIER BRIAN PALLISTER IN 
MANITOBA ABOUT THAT THIS LOOKS 
LIKE GOING FORWARD.
I SPOKE TO MINISTER CARLA 
QUALTROUGH LATE LAST WEEK ON THE
HEELS OF THE DEVASTATING 
NUMBERS.
SHE SAID THE GOVERNMENT IS 
WAITING TO SEE HOW MUCH OF AN 
UPTICK THERE IS FOR THE WAGE 
SUBSIDY.
HOW MANY PEOPLE ARE COVERED BY 
THAT AND CAN DRAW AWAY FROM THE 
CERB, BUT IF THERE ISN'T A 
MATTHEWSING OVER TO THAT 
PROGRAM, THEY WOULD CONSIDER 
EXTENDING THE CERB AND NOT 
GETTING RID OF IT. 
>> Rosemary: DAVID, THE QUESTION
OF CAN YOU GET IT AND NOT GO TO 
WORK BECAUSE YOU DON'T FEEL 
SAFE, IT SOUNDS LIKE SOMETHING 
YOU HAVE TO WORK OUT WITH YOUR 
EMPLOYER.
I'M NOT SURE HOW THAT WILL WORK.
>> David: NO MATTER HOW MANY 
TIMES JEAN-YVES DUCLOS OR THE 
DEPUTY PRIME MINISTER IS ASKED 
ABOUT IT, THERE IS NO TIME THERE
IS GOING TO BE A REVOCATION 
SUPPORT PROGRAM FROM WORKERS TO 
PUT PRESSURE ON THEM TO GO BACK 
TO WORK IF THEY DON'T FEEL SAFE,
WHEN THERE IS ALREADY A 16-WEEK 
EXPIRY ON THE BOOKS.
YOU HAVE SEEN SOME U.S. STATES 
WHERE THEY DID THE REOPENING, 
BUSINESS DIDN'T NECESSARILY COME
BACK, SO THERE IS NOT AS MUCH 
NEED FOR THE PRE-PANDEMIC 
WORKFORCE.
OTHER COUNTRIES ARE SEEING 
RESTRICTIONS LIFTED AND CASES 
SPIKE, SO THEY PULL BACK.
ON THE BORDER ISSUE, TO THIS 
POINT THE CLOSURES AND THE 
EXTENSIONS HAVE BEEN MUTUAL AND 
DONE BY JOINT AGREEMENT.
WHAT HAPPENS IF IT GETS TO THE 
POINT AND IF TRUMP IS UNDER 
PRESSURE TO START REOPENING 
THINGS IN AN ELECTION YEAR AND 
THE JOB MARKET AND ECONOMY AND 
TRADE ARE SUCH A BIG PART OF 
WHAT HE LIKES TO TALK AND 
CAMPAIGN ABOUT.
THAT IS A SITUATION THEY WILL 
HAVE TO DELICATELY MANAGE GOING 
FORWARD.
>> Rosemary: THANK YOU BOTH.
YOU CAN WATCH VASSY KAPELOS ON 
HER SHOW, "POWER & POLITICS."
AND, DAVID, YOU WILL BE ON "THE 
NATIONAL".
IF YOU THINK YOU MIGHT BE HIRED 
BACK OVER THE WAGE SUBSIDY 
PROGRAM, DON'T APPLY FOR THE 
CERB.
I'M ROSEMARY BARTON.
THIS IS THE CBC NEWS NETWORK.
ANDREW NICHOLS PICKS UP OUR 
COVERAGE AFTER A SHORT 
