Pallister calls on feds to help borrow money for Canadian provinces during pandemic

WINNIPEG — Premier Brian Pallister is calling on the federal government to create a Pandemic Emergency Credit Agency to help provinces during the financial struggles due to the COVID-19 pandemic.

Pallister said this this would allow the federal government to borrow money on behalf of the provinces in the country because the feds have lower interest rates and that provinces would pay the federal government back.

He said Manitoba could have its rainy day fund used up within three months.

In recent days, the government announced a call for businesses to help supply the province with personal protective equipment and suspended rent increases that were to take effect after April 1.

This is a developing story. More to come.