Additional support for students and small- to medium-sized businesses
Several new funding programs for small- to medium-sized businesses were announced by the federal government in the past week, including:
In addition to new funding for small- to medium-sized businesses, the government announced new support programs for students:
Alongside the new 75% wage subsidy and the expanded summer jobs program, the CESB and CSSG will create new opportunities for students unable to find work this summer as a result of COVID-19. The measures combined are expected to create up to 116,000 jobs, placements, and other training opportunities.
Provinces, territories, and First Nations to lead the charge on reopening the economy
When it comes to relaxing containment measures and reopening the economy, local governments will be making their own independent decisions
. The impact of COVID-19 has varied significantly across Canada, generating a unique set of challenges in each of the provinces and territories and in Indigenous communities.
The federal government will nonetheless facilitate inter-regional discussions to ensure a common approach is maintained across Canada during this process.