Trudeau announces federal wage subsidy extended to the end of the year
Canada’s prime minister, Justin Trudeau, has announced the extension of the federal wage subsidy program until December.
The prime minister says that this should provide “greater certainty and support” to businesses as Canada plans to reopen its economy.
The announcement should help to support the recovery of jobs that were lost following coronavirus lockdown measures. This should allow both Canadians and immigrants out of work land on their feet more quickly.
In addition, there have been ongoing talks with the provinces and territories on the “safe restart program”.
The Canada Emergency Wage Subsidy (CEWS) was introduced in March to help alleviate expected financial burdens on businesses during the COVID-19 pandemic.
As the economy begins to reopen, many people who had been receiving the Canada Emergency Response Benefit (CERB) are now choosing to return to work. In addition, many people are more optimistic about the potential of finding a job.
In fact, the months of May and June saw an increase of 1.24 million jobs as unemployment rates across the country decreased substantially.
These statistics along with the extension of the wage subsidy is good news for hopeful immigrants as they would expect a stronger job market once they become permanent residents.
Canada’s latest Express Entry draw spells more good news, as it was the first all-program draw since the beginning of the pandemic. This means that candidates for the Federal Skilled Worker Program (FSWP) were also considered.
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