The federal government is beefing up efforts to persuade businesses to rehire workers now that Canada’s economy is starting to emerge from the COVID-19 lockdown.
It is expected today to unveil more details of its promised loan program for large corporations and commercial rent relief for small- and mid-sized businesses.
That includes more information on how businesses can apply for the programs and what conditions will apply. Today’s focus follows last week’s extension of the 75 per cent wage subsidy for three months, to the end of August, and Tuesday’s announcement that the government is expanding the eligibility criteria for its small business loan program.