off-the-wire

Canada pledges C$46 bln in new healthcare funding over 10 years to fix ailing system

Kitco Media
By Reuters
Published:
Updated:
Reuters

OTTAWA, Feb 7 (Reuters) - Canada's federal government said Tuesday it will provide an additional C$46.2 billion ($34.4 billion) in new funding for healthcare over 10 years, part of the latest healthcare deal as federal ministers meet with their provincial counterparts to hammer out a deal on healthcare funding.

The investment would be part of an overall C$196.1 billion increase in funding over 10 years, according to a statement from Prime Minister Justin Trudeau's office.

Some of the new funds promised Tuesday are unconditional; others are earmarked for certain priority areas. The federal government is asking the provinces to commit to better data gathering and sharing in order to access the increased funds.

($1 = 1.3414 Canadian dollars)

Reporting by Ismail Shakil in Ottawa and Anna Mehler Paperny in Toronto; Editing by Chizu Nomiyama
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