91.5 FM
91.5 HD2
8.85 c91.5 FM
91.5 HD2
Wage-subsidy program to be extended as steep job losses continue : Trudeau
BY , May 8, 2020 4:27 PM - REPORT AN ERRORLAST UPDATED ON May 8, 2020 7:08 PM
Prime Minister Justin Trudeau holds a press conference at Rideau Cottage during the COVID-19 pandemic in Ottawa on Thursday, May 7, 2020. THE CANADIAN PRESS/Sean Kilpatrick
Prime Minister Justin Trudeau announcing the extension of Wage Subsidy Program/ The Canadian Press
Prime Minister Justin Trudeau says the federal government's emergency wage-subsidy program will be extended beyond its early-June endpoint.
The program covers 75 percent of worker pay up to $847 a week to try to help employers keep employees on the job in the face of steep declines in revenue due to the COVID-19 pandemic.
In an announcement in Ottawa, Trudeau says more details on the extension will come next week.
The Canadian economy lost almost two million jobs in April, a record high, as the closure of non-essential services to slow the spread of COVID-19 forced businesses to shutter temporarily.
The loss comes on top of more than one million jobs lost in March, and millions more having their hours and incomes slashed.
Share on
Related News
Sign up for the newsletter
We'll deliver best of entertainment right into your inboxWe love to hear from our listeners, so feel free to send us message
Message us on whatsapp
