Monday, May 20, 2024
ADVT 
National

Morneau to unveil wage subsidy changes

Darpan News Desk The Canadian Press, 17 Jul, 2020 05:00 PM
  • Morneau to unveil wage subsidy changes

Finance Minister Bill Morneau will outline today how the federal government is reshaping its emergency wage-subsidy program that has been extended to the end of the year.

The program is the heart of the Liberals' promise to help Canadians get back to work, even if has to be at a slower pace, as the pandemic wanes.

Morneau's fiscal update last week boosted the budget for the program to $82.3 billion from $45 billion in a sign of impending changes.

He has scheduled a news conference this afternoon at a restaurant in Toronto to make the announcement Prime Minister Justin Trudeau teased Thursday.

The government has been under pressure to ease eligibility rules, specifically around the requirement of a 30 per cent drop in revenues, so more companies under that cut-off can qualify.

The most recent federal figures for the program show the government has given almost $20.4 billion in payroll help to about 262,200 companies.

MORE National ARTICLES

Huawei says Trump-China war hurting it, too

Huawei says Trump-China war hurting it, too
Huawei Canada says it is collateral damage in the Trump administration's trade war with China and remains hopeful that it might still be able to sell next-generation internet equipment to Canada.

Huawei says Trump-China war hurting it, too

Kidnapping and sexual assault investigation of Toronto man Shanthakumar Kandiah

Kidnapping and sexual assault investigation of Toronto man Shanthakumar Kandiah
The Toronto Police Service would like to advise the public of an ongoing sexual assault investigation.

Kidnapping and sexual assault investigation of Toronto man Shanthakumar Kandiah

Canada's clean-tech sector struggling

Canada's clean-tech sector struggling
Federal energy and environment officials were warned in late April that Canada's clean-tech sector was in danger as COVID-19 knocked the bottom out of the industry.

Canada's clean-tech sector struggling

Search continues for father of girls found dead

Search continues for father of girls found dead
The search for the father of two girls whose bodies were found Saturday in a small town southwest of Quebec City has entered its seventh day.

Search continues for father of girls found dead

Ethnocultural crime stats to be collected

Ethnocultural crime stats to be collected
Statistics Canada and the country's police chiefs have agreed to help collect and report data about Indigenous and ethnocultural groups when compiling information on victims and accused people.

Ethnocultural crime stats to be collected

Central bank holds key rate at 0.25%

Central bank holds key rate at 0.25%
The Bank of Canada is holding its key interest rate at 0.25 per cent in response to what it calls the "extremely uncertain" economic outlook from the COVID-19 pandemic, and plans to keep it there until the picture improves.

Central bank holds key rate at 0.25%