The federal government will be releasing new COVID-19 modelling Thursday afternoon.
Prime Minister Justin Trudeau said the new data shows Canada is continuing to make progress, but that “we’re not out of the woods yet.”
“If we’re not careful as economies reopen and restrictions are eased, we’ll be going backwards,” Trudeau said.
Trudeau encouraged grandparents to continue to stay at home before he announced his promised one-time payment, of up to $500, will arrive in the bank accounts of eligible seniors during the week of July 6.
Seniors eligible for the OAS pension will receive a payment of $300, and those also eligible for the GIS will receive an additional $200, for a total of $500.
The federal government is providing nearly $900 more for single seniors and more than $1,500 for senior couples, on top of their existing benefits.
“Seniors do not need to apply for this one-time payment, it will be issued automatically during the week of July 6,” Trudeau said.
The federal government will be providing an update on modelling for COVID-19 today at 12 p.m.
Canada has already surpassed the best-case scenario from the original projections.
more to come…