Canada to cover 75% of small business payroll wages: Trudeau
Tweet
Share
E-mail
Canada's Prime Minister Justin Trudeau speaks to news media outside his home in Ottawa, Ontario, Canada March 25, 2020. REUTERS/Patrick Doyle
OTTAWA (Reuters) - Canada will cover 75% of payroll wages for small businesses and give those companies access to one-year interest free loans so they can avoid laying off employees, Canadian Prime Minister Justin Trudeau said on Friday.
Trudeau said the wage subsidy for small- and medium-sized businesses will be backdated to March 15, adding he hoped companies would rehire workers they had laid off.
(Reporting by Steve Scherer and Kelsey Johnson)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Humana surges: Barclays bets big on Medicare star ratings rebound
- B. Riley’s Top Biotech Picks Ahead of 3Q26 Earnings Season
- KeyBanc gets bearish on Comcast as broadband competition intensifies
Create E-mail Alert Related Categories
ETFs, General News, ReutersSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
