COVID-19 Update for October 1 2020 – 12:05pm

October 1, 2020

Following up on a Throne Speech pledge to create 1 million jobs in the COVID-19 recovery, today Prime Minister Justin Trudeau announced a $10 billion infrastructure investment through the Canada Infrastructure Bank.

Infrastructure Plan

Joined by Infrastructure and Communities Minister Catherine McKenna and Canada Infrastructure Bank Chair Michael Sabia, Trudeau announced a three-year growth plan to create 60,000 jobs across the country and “build a low carbon future.”

The $10 billion plan will focus on clean energy projects, public transit (specifically zero-emission buses), retrofitting of buildings, high-speed broadband connections, agriculture irrigation and affordable housing.

Sabia noted that projects funded through the Canada Infrastructure Bank must meet three key criteria:

  1. Impact – potential for growth, ideally projects that scale.
  2. Value – act as a catalyst to bring in third party capital now or that can attract investments in the future.
  3. Return – enable the bank to earn the capital back for reinvestment.

Read the full government release here.


We hope you are finding these COVID-19 updates useful. In addition to trying to keep on top of the fast-changing situation, Enterprise is also working to support local charities during these challenging times. If you are able, your contributions to this effort would be deeply appreciated.

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Stay safe. Stay healthy.

The Enterprise Team

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