Madam Speaker, it is great to see you and all my hon. colleagues this afternoon. It is wonderful to represent the very entrepreneurial and hard-working folks of my riding of Vaughan—Woodbridge. I know many of them have started going back to their normal lives. Traffic is getting busy again in the city of Vaughan in the York Region and people are working, which is great to see.
I would like to thank my hon. colleagues for sharing their thoughts on the impact of the pandemic on Canadians, Canadian businesses and the different sectors of our economy.
The COVID-19 global pandemic has had wide-ranging effects in Canada, from dangers to public health to business restrictions and closures, causing grief, job losses and hurting the economy.
Nearly a year ago, we asked Canadians to do their part so that together we could stop the spread of the virus and flatten the curve in order to protect our neighbours and friends, especially the elderly, the most vulnerable and people living with certain health conditions.
During that time, Canadian businesses have shown tremendous resilience in adapting to the challenges posed by the pandemic by adjusting their operations to keep Canadians safe and scaling down their costs during times of weaker demand.
From the beginning, we have taken a whole-of-government approach to stopping the spread of COVID-19 and ensuring the safety and security of Canadians. We are working with our municipal, provincial and territorial counterparts, as well as our international partners, to mitigate the risks to Canadians.
Our government has done everything in its power to combat the virus and mitigate its harm, using every tool available to safeguard the health and livelihoods of Canadians, help businesses weather the storm and support the various sectors of our economy.
Last year, we put in place Canada's COVID-19 economic response plan to provide immediate support for Canadians and Canadian businesses. This plan is a broad, wide-ranging approach that continues to keep our economy stable and protect jobs. Through this plan, we have put forward numerous measures to ensure that Canada's sectors have the support they need to recover from this crisis and, for that matter, Canada's workers do as well.
Let me now provide members with some examples of our broad-based industry supports.
For highly affected sectors, such as tourism and hospitality, hotels, and arts and entertainment, that have struggled to access sufficient financing, we have launched the highly affected sectors credit availability program. This program offers government-guaranteed low-interest loans of up to $1 million to eligible businesses to help them with their day-to-day operating costs during the COVID-19 crisis. It enables them to invest in their longer-term prosperity.
In my riding of Vaughan—Woodbridge, the city of Vaughan is known as the event centre capital of Canada. There are many event centres where weddings, bar mitzvahs and celebrations happen. I know these centres have been impacted significantly during the pandemic, and we have assisted them to the best of our ability so they will reopen when the time comes and it is safe to do so.
For the businesses in the agricultural and agri-food sector, we have provided $35 million through the emergency on-farm support fund to prevent and respond to the spread of COVID-19, improving health and safety on farms and employee living quarters. We also enabled Farm Credit Canada to provide an additional $5 billion in lending, offering increased flexibility to farmers who face cash-flow issues and to processors who are impacted by lost sales, helping them remain financially solid during this difficult time. Businesses in the agricultural and agri-food sector and businesses in the aquacultural and fishery sectors have benefited from this measure.
Businesses in the aquacultural and fishery sectors have also benefited from $62.5 million of new assistance to the fish and seafood processing sector through the Canadian seafood stabilization fund. This new assistance has helped them add storage capacity for unsold product, comply with new health and safety measures for workers, support new manufacturing and automated technologies to improve productivity and quality of finished seafood products, and adapt products to respond to changing requirements and new market demands.
For the cultural, heritage and sport sector, we have created the short-term compensation fund for Canadian audiovisual productions to compensate independent production companies for the lack of insurance coverage for COVID-19-related filming interruptions and production shutdowns within the sector. We recently increased the fund from $50 million to $100 million to allow more productions to make use of the program during the busiest time of the year for the audiovisual industry. We have also established a $500-million emergency support fund to help alleviate the financial pressures of organizations in this sector facing significant losses because of the COVID-19 pandemic.
Right now, oil and gas workers and their families are struggling because of things beyond their control. As a result, companies have had to slow down or pause their operations, leaving too many people out of work. Thankfully, recently we have seen a run-up and increase in the price of oil, whether it is WTI or WCS. This is a net overall positive for the Canadian economy.
To support businesses in the energy sector, an important sector for our economy, we have provided up to $750 million to create a new emissions reduction fund to support workers and reduce emissions in Canada's very important oil and gas sector, with a focus on methane. This fund is providing primarily repayable contributions to conventional and offshore oil and gas firms to support their investments to reduce greenhouse gas emissions. Of this amount, $75 million was allocated to the offshore sector.
We also provided up to $1.72 billion to the Governments of Alberta, Saskatchewan and British Columbia, and to Alberta's Orphan Well Association, to clean up orphaned and inactive oil and gas wells. This has helped maintain thousands of jobs while creating lasting environmental benefits.
To support infrastructure projects across the country, we have adapted the investing in Canada infrastructure program to better respond to the impacts of COVID-19, adding a new COVID-19 resilience stream. This new stream, delivered through bilateral agreements with the provinces and territories, provides added flexibility fo fund quick-start short-term projects that might not otherwise be eligible under the existing funding streams. We also accelerated $2.2 billion in annual federal infrastructure funding for communities, through the gas tax fund, to help communities quickly move forward with infrastructure projects.
For many Canadians, COVID-19 has had a major impact on daily life, as they work to pay their bills, put food on the table and take care of themselves and their families. More and more Canadians have been turning to community organizations for assistance as a result of the economic conditions of the pandemic. To ensure that Canadians get the support they need, the government has made significant investments in shelters, food banks and community organizations, including $300 million distributed as of January 12 for charities and non-profit organizations across Canada that deliver essential services and an additional $200 million in total support for nearly 3,000 food banks and local food and service organizations to address emergency hunger relief across Canada.
To support hospitals and keep our nurses, doctors and front-line health care workers well equipped in the months and years ahead, I am proud to say the government has committed over $9.1 billion to support the procurement of personal protective equipment. This funding is in addition to the $3 billion for the procurement of personal protective equipment provided directly to the provinces and territories through the safe restart agreement.
As we have said from the beginning, our government is there for Canadians. We promised to do everything we could to support Canadians, Canadian businesses and all sectors of our economy. That is what we are doing today and what we will continue to do.
We will be here with Canadians and will have their backs for as long as the pandemic is here with us. We have had them from day one. We have been there with emergency programs like the CEBA, the Canada emergency wage subsidy, the rent relief program and the regional relief and recovery fund. We will continue to invest in Canada, we will continue to invest in Canadians and we will continue to grow and strengthen our middle class.