PM to announce extension of wage subsidy, financial aid for medical researchers

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PM to announce extension of wage subsidy, financial aid for medical researchers
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Prime Minister Justin Trudeau is expected to announce today an extension to the federal government's 75 per cent emergency wage subsidy, just as businesses across the country are taking the first cautious steps towards reopening after a two-month, pandemic-induced shutdown.

OTTAWA -- Prime Minister Justin Trudeau is expected to announce today an extension to the federal government's 75 per cent emergency wage subsidy -- just as businesses across the country are taking the first cautious steps towards reopening after a two-month, pandemic-induced shutdown.

Eligible companies are those that saw revenues drop by 15 per cent in March or 30 per cent in April and May. More than 7.5 million Canadians have received CERB payments so far -- almost double the anticipated number of recipients.

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