Skip to main content
The Globe and Mail
Support Quality Journalism.
The Globe and Mail
First Access to Latest
Investment News
Collection of curated
e-books and guides
Inform your decisions via
Globe Investor Tools
Just$1.99
per week
for first 24 weeks

Enjoy unlimited digital access
Cancel Anytime
Enjoy Unlimited Digital Access
Canada’s most-awarded
newsroom for a reason
Stay informed for a
lot less, cancel anytime
“Exemplary reporting on
COVID-19” – Herman L
$1.99
per week
for 24 weeks
Get full access to globeandmail.com
Just $1.99per week for the first 24weeks
Just $1.99per week for the first 24weeks
var select={root:".js-sub-pencil",control:".js-sub-pencil-control",open:"o-sub-pencil--open",closed:"o-sub-pencil--closed"},dom={},allowExpand=!0;function pencilInit(o){var e=arguments.length>1&&void 0!==arguments[1]&&arguments[1];select.root=o,dom.root=document.querySelector(select.root),dom.root&&(dom.control=document.querySelector(select.control),dom.control.addEventListener("click",onToggleClicked),setPanelState(e),window.addEventListener("scroll",onWindowScroll),dom.root.removeAttribute("hidden"))}function isPanelOpen(){return dom.root.classList.contains(select.open)}function setPanelState(o){dom.root.classList[o?"add":"remove"](select.open),dom.root.classList[o?"remove":"add"](select.closed),dom.control.setAttribute("aria-expanded",o)}function onToggleClicked(){var l=!isPanelOpen();setPanelState(l)}function onWindowScroll(){window.requestAnimationFrame(function() {var l=isPanelOpen(),n=0===(document.body.scrollTop||document.documentElement.scrollTop);n||l||!allowExpand?n&&l&&(allowExpand=!0,setPanelState(!1)):(allowExpand=!1,setPanelState(!0))});}pencilInit(".js-sub-pencil",!1); // via darwin-bg var slideIndex = 0; carousel(); function carousel() { var i; var x = document.getElementsByClassName("subs_valueprop"); for (i = 0; i < x.length; i++) { x[i].style.display = "none"; } slideIndex++; if (slideIndex> x.length) { slideIndex = 1; } x[slideIndex - 1].style.display = "block"; setTimeout(carousel, 2500); } //

The federal government is extending the wage subsidy beyond its original June 6 expiry date and is creating a panel of industry leaders to provide advice on restarting the Canadian economy after nearly two months of heavy restrictions due to COVID-19.

The Canada Emergency Wage Subsidy gives employers funds to cover 75 per cent of wage costs up to a maximum benefit of $847 a week per employee.

It is currently available for up to 12 weeks, covering the period between March 15 to June 6.

Story continues below advertisement

Prime Minister Justin Trudeau said during his daily news conference Friday that this program will be extended, with further details to come next week.

The Prime Minister did not extend a similar program called the Canada Emergency Response Benefit, which provides $500 a week for 16 weeks for people who have lost nearly all of their income because of COVID-19. That program is scheduled to expire in early October.

Mr. Trudeau expressed hope that as more businesses start to reopen, workers who are collecting the CERB will be able to return to their jobs with support from the wage subsidy.

“We recognize that as the economy starts to reopen, people will be getting back to work, leaving the emergency response benefit and perhaps going on to the wage subsidy as employers bring people back on and get them back to work as our economy picks up over the coming weeks and months,” he said.

“That’s why we will constantly be adjusting to make sure Canadians are getting the support they need as we look to carefully and gradually restarting our economy.”

The government announced the creation of a new Industry Strategy Council that will be led Innovation Minister Navdeep Bains and chaired by Monique Leroux, a former president and CEO of Desjardins Group who is currently a member of various corporate boards. Mr. Trudeau said the council will focus on how the pandemic is affecting specific sectors and how the federal government can assist them.

Dan Kelly, president of the Canadian Federation of Independent Business, said extending the wage subsidy was the top recommendation of his organization.

Story continues below advertisement

“I give credit to the government for listening carefully to the concerns of small businesses who were worried that this needed support would run out before many are even able to reopen their doors,” he said in a statement. “Extending the program beyond June 6 will allow more firms to rehire staff as they reopen but face very thin revenues in the early months.”

For weeks, Mr. Trudeau has said the government is planning further announcements aimed at specific sectors such as energy, aviation and tourism as well as measures to support seniors.

On Friday, he repeated that further announcements are coming, but declined to provide a timeline. He also said support for specific sectors will focus on workers.

“We will, over the coming days, start looking at specific sectoral supports for various industries that have been hit particularly hard by COVID-19,” he said. “But even then, our focus will be on the workers, on the supply chains that involve many, many small businesses across the country for many of these industries, and not on the corporate well-being of an industry or of a sector.”

Know what is happening in the halls of power with the day’s top political headlines and commentary as selected by Globe editors (subscribers only). Sign up today.

Your Globe

Build your personal news feed

  1. Follow topics and authors relevant to your reading interests.
  2. Check your Following feed daily, and never miss an article. Access your Following feed from your account menu at the top right corner of every page.

Follow the author of this article:

Follow topics related to this article:

View more suggestions in Following Read more about following topics and authors
Report an error Editorial code of conduct
Due to technical reasons, we have temporarily removed commenting from our articles. We hope to have this fixed soon. Thank you for your patience. If you are looking to give feedback on our new site, please send it along to feedback@globeandmail.com. If you want to write a letter to the editor, please forward to letters@globeandmail.com.

Welcome to The Globe and Mail’s comment community. This is a space where subscribers can engage with each other and Globe staff. Non-subscribers can read and sort comments but will not be able to engage with them in any way. Click here to subscribe.

If you would like to write a letter to the editor, please forward it to letters@globeandmail.com. Readers can also interact with The Globe on Facebook and Twitter .

Welcome to The Globe and Mail’s comment community. This is a space where subscribers can engage with each other and Globe staff. Non-subscribers can read and sort comments but will not be able to engage with them in any way. Click here to subscribe.

If you would like to write a letter to the editor, please forward it to letters@globeandmail.com. Readers can also interact with The Globe on Facebook and Twitter .

Welcome to The Globe and Mail’s comment community. This is a space where subscribers can engage with each other and Globe staff.

We aim to create a safe and valuable space for discussion and debate. That means:

  • Treat others as you wish to be treated
  • Criticize ideas, not people
  • Stay on topic
  • Avoid the use of toxic and offensive language
  • Flag bad behaviour

If you do not see your comment posted immediately, it is being reviewed by the moderation team and may appear shortly, generally within an hour.

We aim to have all comments reviewed in a timely manner.

Comments that violate our community guidelines will not be posted.

UPDATED: Read our community guidelines here

Discussion loading ...

To view this site properly, enable cookies in your browser. Read our privacy policy to learn more.
How to enable cookies