Business leaders welcome child-care strategy and wage subsidy extension
In its throne speech Wednesday, the Liberal government promised to extend the pandemic wage subsidy, create a million new jobs and establish a national child-care strategy, signalling a shift toward longer-term support for Canadian business that was welcomed by business leaders. Two of the more popular announcements with the business community included the extension of the wage subsidy into summer 2021, as well as the promised expansion of the Canada Emergency Business Account, which currently provides interest-free loans of up to $40,000 to small businesses and not-for-profits, with a certain part being forgivable.
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