Australia’s struggling print media will be watching the next Canadian federal budget closely, when the Trudeau government is set to reveal its much anticipated aid package for the country’s struggling newspaper business.

The package will be contained in the budget due around the last week of March. It will add to existing aid packages for the broadcast sector and for magazines that already total close to CA$450 million a year (around the same amount in Australian dollars). If the amount the publishers want ($350 million a year) is granted, total government aid for Canadian media will reach close to $1 billion -- a huge sum.