Bank of Canada governor Stephen Poloz and Finance Minister Bill Morneau at a news conference on Parliament Hill, March 18, 2020. Business groups and union leaders are calling on the federal government to bring in much more generous wage subsidies.
OTTAWA ― The federal government’s planned wage subsidy for businesses hit hard by COVID-19 is being panned this morning by a voice for thousands of small businesses and a major union. The Canadian Federation of Independent Business and the United Steelworkers union, in separate statements, say the Liberals’ proposed help to offset payroll costs doesn’t go far enough to save jobs.The federal government’s stimulus bill contains provisions for a 10 per cent wage subsidy for 90 days, up to a maximum of $1,375 per employee and $25,000 per business.
The CFIB is calling on the government to increase the subsidy to 75 per cent, capped monthly at $5,000 per worker, while the Steelworkers want it increased to 80 per cent as is
Fuck the business.. what about the people People first!