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29 March, 2020 00:00 00 AM
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Canada to cover up to 75pc of salaries for businesses

AP, Toronto

Canada is increasing a payroll subsidy to small- and medium-sized businesses to now cover up to 75 per cent of salaries as the country braced for a shutdown that a top health official said will last months.

Canada’s Deputy Chief Public Health Officer, Dr. Howard Njoo, said they are in it for the long haul.

“It’s not going to be days and weeks, it’s going to be months,” Njoo said. “Is there a possibility of a second wave? Who knows.”

Prime Minister Justin Trudeau announced a major increase over his original 10 percent wage subsidy plan. Trudeau said it became clear they needed to do much more.

“We have to get through these coming months of restricted economic activity when people need to stay home,” Trudeau said Friday.

 

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Published by the Editor on behalf of Independent Publications Limited at Media Printers, 446/H, Tejgaon I/A, Dhaka-1215.
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Editor : M. Shamsur Rahman
Published by the Editor on behalf of Independent Publications Limited at Media Printers, 446/H, Tejgaon I/A, Dhaka-1215.
Editorial, News & Commercial Offices : Beximco Media Complex, 149-150 Tejgaon I/A, Dhaka-1208, Bangladesh. GPO Box No. 934, Dhaka-1000.

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