Prime Minister Justin Trudeau said today the federal government is extending the emergency wage subsidy program to December of this year. "This week we'll be announcing an extension to the wage subsidy program until December, to give greater certainty and support to businesses as we restart the economy," said Trudeau. As of July 6, the wage subsidy had paid out $18.01 billion to 252,370 companies. The government's fiscal and economic "snapshot" last week boosted the budget of the wage subsidy program to $82.3 billion. Finance Minister Bill Morneau spent weeks leading up to the July 8 fiscal update getting input from businesses, labour groups and other stakeholders on how to reshape the wage subsidy program.

Source: CBC News July 13, 2020 16:16 UTC