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$1B economic aid package


February 1, 2008
By Pulp & Paper Canada

Tracyville, BC -Prime Minister Stephen Harper unveiled a billion-dollar aid package aimed at supporting Canadian communities hit by economic upheaval. According to a CBC report, each province will get…

Tracyville, BC -Prime Minister Stephen Harper unveiled a billion-dollar aid package aimed at supporting Canadian communities hit by economic upheaval. According to a CBC report, each province will get $10 million in base funding, while territories will each receive $3 million.

Harper said the government will establish a community development trust fund, which will be used to support worker retraining and skills development, and community transition. Each province will get $10 million in base funding, while territories will each receive $3 million, Harper said. The remaining money in the trust will be divided among the provinces and territories on a per capita basis.

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The pending aid package requires parliamentary approval.


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