Crucial details of Ottawa’s proposed wage subsidy program expected today
OTTAWA — Businesses and employees across Canada reeling from the COVID-19 crisis are expected to hear more about Ottawa’s proposed wage subsidy program today.
When the federal government announced on Friday that it was boosting the subsidy to 75 per cent from the original 10 per cent, Prime Minister Justin Trudeau said he hoped the details would be hammered out by Monday.
The unprecedented measures being taken to try to slow the spread of the new coronavirus have severely impacted the national economy resulting in staggering job losses.
The government has responded, so far, by rolling out a bailout package totalling more than $200 billion. However, in a letter to the prime minister on Sunday NDP Leader Jagmeet Singh urged further action to ensure that people who have lost their jobs don’t also lose their homes when rent and mortgage payments come due on Apr. 1.