The federal wage subsidy for small and medium-sized businesses hit by the coronavirus pandemic is jumping up to 75 per cent, the prime minister announced on Friday.
Prime Minister Justin Trudeau spoke with reporters at his daily update from Rideau Cottage, where he remains in isolation as cases of coronavirus continue to spread across the country. [ Sign up for our Health IQ newsletter for the latest coronavirus updates ] Last week, Trudeau announced a 10 per cent wage subsidy but admitted Friday it’s not enough. “It’s becoming clear that we need to do more – much more – so we’re bringing that percentage up to 75 per cent for qualifying businesses,” he said. “This means people will continue to be paid even though their employers have to