Ontario is on the verge of signing a $ 10.2 billion childcare deal

Ottawa — According to federal and state sources, the state government has signed a $ 10.2 billion childcare contract with the federal government and plans to cut state childcare fees by half by the end of the year.

Prime Minister Justin Trudeau and Prime Minister Doug Ford will announce the deal in the Greater Toronto area on Monday, and sources familiar with the negotiations said Sunday night after a fierce weekend final negotiation. States that the transaction has been signed.

They all spoke to the Canadian press, provided they were not named because of the delicate nature of the discussion.

The Ontario transaction is the last transaction required to fulfill Prime Minister Justin Trudeau’s commitment to reduce childcare costs to an average of $ 10 a day in all states and territories by the end of 2026.

Ontario was withholding more money, but state sources say the goal is to be more flexible when the money is spent and reduce prices to an average of $ 10 a day. Will be able to achieve. We will also ensure a third year review mechanism that will allow us to request additional funding if there is a shortage.

Federal officials who know the deal say Ontario will cut rates by an average of 25% by April 1st and 50% by the end of December in the coming months.

Mia Loveson

Canadian press