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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.
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