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COVID-19: MLAs brace for economic impact

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The financial assistance from the federal government reflects a mutual understanding of the NWT's unique needs during the pandemic, said Premier Caroline Cochrane on Friday. NNSL photo

NWT will get just under $600,000 of the $1 billion the federal government has earmarked for the COVID-19 response fund, Premier Caroline Cochrane told MLAs Monday.

She said so as some MLAs on Monday predicted hard economic times for Northern businesses as local consumers stay home and tourism dwindles. In response to their questions, Cochrane acknowledged that the federal money was inadequate. 

The health crisis would be dealt with first, followed by the economic impact, she said. 

SA国际影视传媒淲hen the economy comes, my instinct is telling me my first words will be: That is not enough," she told MLAs.

Finance minister Caroline Wawzonek was set to discuss possible support with the federal government on Monday afternoon, she said.

Simon Whitehouse/NNSL photo
Caroline Cochrane, Premier of the Northwest Territories addresses the media to update the public on the COVID 19 at the Great Hall of the NWT Legislative Assembly, March 13.

Much of the potential economic stimulus for the territory depends on Ottawa, Cochrane said. Adding that the current priority was on resident health and groceries, she also acknowledged NWT will take an economic hit.

SA国际影视传媒淲e do know there will be a downturn in our economy. We know that thereSA国际影视传媒檚 a downturn in our economy across Canada,SA国际影视传媒 she said. SA国际影视传媒淲e are trying to plan not only about the financial restitution of business, weSA国际影视传媒檙e also trying to plan about keeping our supply chain open.SA国际影视传媒

Yellowknife Centre MLA Julie Green said business owners and their workers are SA国际影视传媒渟tressed.SA国际影视传媒 Facing a lack of generous sick leaves and contingency plans, she urged a recovery plan funded through federal money.

SA国际影视传媒淲hat ISA国际影视传媒檓 concerned about is we will have the health crisis, and then we will go into an economic crisis (as a result),SA国际影视传媒 she said.

Cochrane agreed all sectors will see an impact, not only tourism operators struggling with cancelled reservations and lost international customers. More businesses will see the economic realities of COVID-19 as the situation unfolds, she said.  

SA国际影视传媒淎t this point, it would be irresponsible for us to just start bailing out one or two businesses,SA国际影视传媒 Cochrane said, noting there will likely be more facing tough times.

MLAs set sights on evictions, utility limiters

Outside of federal support, Hay River South MLA Rocky Simpson pressed Cochrane on GNWT support for small business, outside of federal efforts. She said the government was looking at procurements, bill payments and easing loan access, but didnSA国际影视传媒檛 promise anything yet.

Simpson was also one of the MLAs, alongside Nunakput MLA Jackie Jacobson, that demanded the NWT Power Corporation scrap utility limiters. 

Simpson said he was SA国际影视传媒渄ismayedSA国际影视传媒 at power corp. Minister Shane ThompsonSA国际影视传媒檚 response, which didnSA国际影视传媒檛 commit to scrapping limiters.

SA国际影视传媒淣itpickingSA国际影视传媒 on limiters would lead to the same response on evictions and housing, Simpson said.  SA国际影视传媒淏oth those things have to be put aside at least for the next few months,SA国际影视传媒 he added. 

Cochrane said her cabinet would discuss evictions and power rates, but wouldnSA国际影视传媒檛 commit to any specific solutions. SA国际影视传媒淲e canSA国际影视传媒檛 just shut down every collection, every business happening, or every bill out of speculation. But we will be having those discussions,SA国际影视传媒 she said. 

Those meetings will be happening daily, she said, in a planning environment that Cochrane has described as an hourly battle to keep on top of the rapidly evolving situation in a territory with limited health resources. 

SA国际影视传媒淭he federal government does know our needs, and weSA国际影视传媒檙e working as best we can with our limited resources,SA国际影视传媒 she said. 

 





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