Madam Speaker, once again I want to wish everyone, including all my constituents, a happy new year, as this is my first official speech in 2021.
I am extremely happy to be able to speak today on Bill C-14. Before I do, I want to thank and congratulate the people of Nova Scotia. I know we are in the midst of a second surge right across this country, but we have been very successful in limiting the numbers in Nova Scotia. What people have done, what students and teachers have done in the school system is something to be proud of. It has been a success story on that front, even in these very challenging times.
The fall economic statement focus for me today is on protecting the health of Canadians, ensuring that individuals and businesses have the opportunity to continue to work and prosper and making sure we build better as we move forward. The fall economic statement is an important piece of that delivery.
I cannot thank front-line workers enough for the work they have done. We are faced with health challenges, and they have to go to work in dangerous places because of the disease. They are there on the front lines, and it is just amazing. We have seen that throughout the pandemic. For people working in grocery stores, students in schools, and so on, it has been very challenging.
I want to thank the Canadian Armed Forces for the work they have done with the long-term care facilities throughout the pandemic. We have heard some very sad news. We have also heard about the improvements that are needed, and I will talk about that later.
We have invested over $1 billion in vaccine agreements, which allows us to have seven promising candidates and over 400 million doses of vaccine. We are in a very good position; in fact, it is one of the most extensive vaccine portfolios in the world. We are providing the vaccine free to all Canadians. As well, we have procured over 38 million rapid tests, and I am proud to talk about our COVID app, which 5.5 million Canadians have downloaded to help them identify possible exposure.
Again, we should talk about PPE. We have invested $2 billion in personal protective equipment. Many companies, even here in Nova Scotia, made changes to their manufacturing so that they could manufacture products that would help us through COVID. What they were willing to do to help Canadians is pretty impressive.
Also, we have made investments in mental health and the challenges around mental health, such as the opioid crisis and homelessness. Trying to find ways to prevent the spread of COVID in those areas is very important.
Throughout the pandemic, we have identified major gaps in long-term care facilities that we need to deal with. Most deaths that we have seen in COVID-19 have taken place in long-term care facilities. Our government has indicated that we will move forward to negotiate national standards with provinces, which is crucial, and Canadians expect us to do so.
We have been faced with the deepest and fastest recession since the Great Depression. We saw a decline in our GDP in March and April and the second quarter of last year like we have never seen before. We have seen over three million Canadians lose their jobs. Can we imagine people losing their jobs and not having any revenue?
Our government needed to respond to this unprecedented challenge with an unprecedented response, and we did so by investing over $400 billion to help ensure the health and security of Canadians, to help with financial benefits and to brace the business community throughout this crisis.
That is 19% of our GDP. It is the largest relief package since World War II. However, today, as difficult as it is, about 80% of the jobs have returned compared to the United States where it only has about half that number.
We were very quick in trying to help young families with the Canada child benefit and the increases on that front, now adding $1,200 per child under age six depending on the family income.
CERB helped Canadians. One in five Nova Scotians received the CERB to help him or her through this tough time. Those are big numbers.
The Canada emergency student benefit supports young people, who are very much challenged through this tough time as well. We have increased the Canada summer jobs program and we will increase it again this year by another 40,000. We have invested in the youth employment and skills strategy for another 45,000 jobs.
We have supported seniors with $300 or $200 depending on their income for the OAS. We have to move forward on long-term care and pharmacare as we said we would. We are working with provinces as we speak.
In Nova Scotia, 32,000 companies were able to take advantage of the wage subsidy, which is very impressive. Also, 15,000 companies in Nova Scotia were able to take advantage of the Canada business account.
We know the challenges around the airlines and we have helped them through wage and rent subsidies and supported them through rent relief and other ways as well.
We have helped communities in Nova Scotia. We increased the equalization payments. We increased the Canada health transfers and the Canada social transfers. Those are all extra investments to help us through this as well as adding a regional relief and recovery fund. Let us keep in mind that these businesses were not able to get any financial supports through the other programs and this picked up the extras that did not get support through those programs. It is a way of trying to catch everyone as best as we could.
With regard to build back better, our government, in our economic statement, will invest around $100 billion over the next three years, which is 3% or 4% of GDP, to stimulate the economy. That will be focused on a greener, more innovative, more inclusive and more competitive economy. This is the Canadian way.
We need to invest in early learning and child care, and we will some investments in that. This will increase the accessibility to high-quality child care. It will give children a better start and will allow both parents to work if they so desire.
There are also green investment grants for homeowners to improve energy efficiency. Charging refuelling stations will be very important as well. There will be the planting of two billion trees to fight climate change and protect the forestry. Our Canadian net-zero emission accountability act will be binding, and of course reporting annually.
Finally, I want to talk about the student loans to help students through tough times. This coming year the interest on the student loans on federal money will not exist and that will help them as well.
Through this very difficult time, through COVID-19, we were able to help in the health and security of Canadians. We were able to help them financially. Now we need to ensure, as we continue, we are able to jump-start the economy as quickly as possible so all Canadians will benefit. We can see the light at the end of the tunnel and I am confident we will be successful as we move forward.