Today, the Honourable Chrystia Freeland, Deputy Prime Minister and Minister of Finance, announced that the Government of Canada intends to introduce legislation to invest up to $750 million to support municipalities facing transit operating shortfalls, in collaboration with provinces and territories. This one-time payment would help cities maintain service levels despite decreased ridership as a result of the pandemic.
To increase the impact of this investment, funding would be conditional on provincial and territorial governments matching this federal contribution and accelerating their efforts to improve housing supply, in collaboration with municipalities.
By supporting municipalities to maintain their public transit systems and encouraging all levels of government to work together, this partnership would support Canada's economic recovery and make life more affordable in cities across the country.
