The Coalition of Hardest Hit businesses says the phaseout of the Canada Emergency Wage Subsidy program beginning this month could mean the loss of millions of tourism jobs.
The program sees the federal government cover as much as 75 per cent of wages depending on how much revenue a business has lost due to COVID-19. But it's slated to wind down to a close in December, and the coalition says without it, there's the risk many tourism-related businesses simply won't survive.
Susie Grynol, the president of the Hotel Association of Canada, points out that the tourism sector can't pivot to online shopping or curbside pickup to try to make ends meet. She says the group understands and supports ongoing health restrictions but the pandemic has created Depression-era conditions, and operators are increasingly reporting they will go under if support is not extended.
Maybe tourism sector employees need to switch to a new sector!
Wage subsidy continuance is critical for many of us. All Canadians need to realize what a large industry this is & allowing it to disolve will be catastrophic to Canada's economy. Huge spin off & ripple effects already causing economic problems coast to coast.
This is interesting 🧐
Who is going to pay for all of this?
So we can’t go out because of a minor virus but we need to keep paying people to keep the tourist industry alive so people can come here, and go out. Somethings off about that?
The gov't fucked up hard on the wage subsidy stuff. So many companies that don't need the subsidy get it and for huge sums of money. Just more socialism for the wealthy is all it is and we the little tax payer get saddled with the debt.