Deputy Prime Minister Chrystia Freeland listens to Minister of Finance Bill Morneau as he speaks at a press conference on COVID-19 at West Block on Parliament Hill in Ottawa, on Wednesday, March 25, 2020. THE CANADIAN PRESS/Justin Tang

Crucial details of Ottawa’s proposed wage subsidy program expected today

The government has rolled out a bailout package totalling more than $200 billion

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.

Meanwhile, the federal government’s new restrictions on domestic air and inter-city passenger rail traffic go into effect at noon today. Staff at the airlines and railways will be tasked with screening passengers and barring those exhibiting any symptoms of the novel coronavirus from boarding.

Another 665 COVID-19 cases were reported in Canada Sunday, pushing the national total to 6,320, including 66 deaths and 485 cases resolved.

And while government officials in Quebec and B.C. have said there are indications social distancing efforts may be paying off in slowing the rampant march of the virus, Canada’s chief public health officer says it’s still too early to make that call. On Sunday Dr. Theresa Tam said this week will be “very, very important” for her in terms of looking at those trends. But in the meantime, she again urged Canadians to continue to physically distance themselves from others.

READ MORE: Trudeau unveils new $2,000 per month benefit to streamline COVID-19 aid

READ MORE: Trudeau announces 75% wage subsidy for small businesses amid COVID-19

The Canadian Press


Like us on Facebook and follow us on Twitter.

Coronaviruseconomy

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

Man claims Ladysmith Bylaw Officer accused him of ‘squatting’ at Transfer Beach

Remley believes the officer was profiling him because of his long hair and long beard

School district reveals restart plans for Nanaimo-Ladysmith

K-5 students will see two days of instruction a week, 6-12 students once a week

List of businesses and services now open in Ladysmith

The Chronicle is compiling on ongoing list of businesses in Ladysmith that are now open

Ladysmith A&W plans community Rod Run for June 4

Cruisin’ the Dub will look a little different this year due to the COVID-19 pandemic

Ladysmith centenarian honoured with birthday parade

Kay Rozzano said she’s been looking forward to this birthday ‘for 100 years’

Only four new COVID-19 cases, 228 active across B.C.

Health officials watching as activities ramp up

Facing changes together: Your community, your journalists

We’re asking you to lock arms with us, as we look to better days ahead

Feds looking at ways to reunite families amid COVID-19 border restrictions with U.S.

Some families with members of dual-citizenship have become separated due to the pandemic

B.C. aquaculture farm’s employees sweat it out to raise funds for food banks

For every five minutes of exercise recorded, Cermaq Canada is donating a dollar to local food banks in communities they operate

Condition in kids with possible COVID-19 link being studied in Canada

This month, the U.S. Centers for Disease Control and Prevention issued an alert to doctors about MIS-C

‘I knew what he wanted’: Kootenay man spends hours in tree as black bear patrols below

Francis Levasseur is no stranger to the outdoors, but a recent run-in with a bear caused quite a scare

COVID cancelled their wedding plans, so they married on a BC mountaintop

Ceremony was live streamed to friends and family around the world

Stepdad able to walk bride down the aisle days before he passes away

Ceremony held amidst pandemic in order to fulfill bride’s wish to have stepdad give her away

Trudeau acknowledges racial unrest in U.S.; ‘We also have work to do in Canada’

‘Anti-black racism, racism, is real; it’s in the United States, but it’s also in Canada,’ Trudeau says

Most Read