NewsAlert: Nearly 10000 businesses apply for wage subsidy, Trudeau says

Daniel Fowler
April 27, 2020

Prime Minister Justin Trudeau said that nearly 10,000 businesses have already applied to the Canada Emergency Wage Subsidy since applications opened at 6 am ET.

Those who qualify for the $73-billion program will get 75 per cent of each employee's wages covered, up to $847 per week.

The application process opened at 6 a.m. on Monday and Prime Minister Justin Trudeau says the number of applications underscores the scope of the challenge companies are facing because of the COVID-19 pandemic.

Trudeau said that parliament will have its first virtual sitting on Tuesday, and an in-person sitting on Wednesday. Trudeau says he has, "full confidence in the premiers to move forward".

British PM Boris Johnson returning to work Monday after COVID-19 recovery
A month ago, Johnson was diagnosed with the coronavirus , confirming the news with a video updating the public on his condition. However, scientists have warned any relaxation risks a renewed flare-up in coronavirus cases and deaths.

Ontario, which is believed to be at a peak stage of the pandemic, is expected to unveil its framework to reopen the province on Monday afternoon.

Despite evidence of some flattening COVID-19 curves, both politicians and public health officials are stressing the need for a cautious, go slow approach to guard against a surge of second wave infections.

Survey results released this morning by the Canadian Federation of Independent Business, which represents thousands of small businesses in the country, suggests that half will apply for the wage subsidy.

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