Canadians should not be dragged into financial ruin amid COVID-19

“People are understandably worried about how they’re going to pay their bills and afford their food or the medications they need or even how to keep a roof over their heads,� said Julian. “With the COVID-19 pandemic, Canadians need to know that their federal government has their back.�

“The government needs to ensure that every Canadian who is facing this challenge has the ability to afford the essentials they need, without facing additional financial pressure due to bankruptcy laws,� said Masse. “That’s why we are calling on the government to put a moratorium on consumer proposal payments so that even if the default goes more than 3 months, creditors’ rights will not be revived.�

To reduce financial pressure on Canadians, the NDP has already proposed a series of measures to the government, including ensuring that banks waive interest fees and charges on credit cards, bank loans, lines of credit and mortgages for at least the next two months.

The NDP has also proposed a plan to get money into people’s hands now. NDP Leader Jagmeet Singh has proposed to immediately send a cheque for $2,000, with an additional $250 per child, to help all Canadians. The NDP will continue to push the government to get more solutions for people.

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