By Marie-Danielle Smith
The federal Liberals unveiled their fall economic update Thursday – a 92-page mini-budget setting out Canada’s fiscal situation and outlining new policies to tackle cost-of-living woes.
The Liberals are expecting to spend $1 billion in the current financial year toward provincial requests related to post-tropical storm Fiona, which savaged Atlantic Canada and eastern Quebec in late September.
That figure is on top of the $300 million over two years that the feds announced in early October in the wake of the devastating storm, and its month-long matching of donations to the Canadian Red Cross.
The new money is expected to cover requests from provinces under the Disaster Financial Assistance Arrangements, under which the federal government covers up to 90 per cent of eligible provincial expenses in the three months following a disaster.
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