Canada offers C$2.5 billion in aid for hard-hit energy sector, death toll hits 1,250


  • World
  • Saturday, 18 Apr 2020

A health care worker runs across University Avenue from Mount Sinai Hospital to Toronto General Hospital as the number of the coronavirus disease (COVID-19) cases continues to grow in Toronto, Ontario, Canada April 17, 2020. REUTERS/Carlos Osorio

OTTAWA (Reuters) - Canada will invest around C$2.5 billion ($1.8 billion) in measures to help the hard-hit oil and gas industry survive during the nation's coronavirus outbreak that has killed 1,250 people, Prime Minister Justin Trudeau said on Friday.

The sector, which accounts for 10.6% of Canada's gross domestic product, has urged Ottawa to free up credit and cash to help tackle the pandemic and rock-bottom oil prices.

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