COVID-19 cases, deaths rise further; emergency wage subsidies extended
TORONTO — Amid still rising case counts and further signs of the economic devastation caused by the COVID-19 pandemic, Prime Minister Justin Trudeau announced Friday that businesses can take advantage of emergency wage subsidies until the end of August.
One indication of the impact of the measures aimed at fighting the novel coronavirus was seen in the 57.6 per cent plunge in Canadian home sales in April compared with a year ago, to levels not seen in almost 40 years.
Another sign came from Ontario’s fiscal watchdog, which reported about one in three workers in the province had been affected by the economic shutdown. The Financial Accountability Office released a report saying about 1.1 million workers had lost their jobs — just as many had their hours sharply reduced — because of the pandemic.
In extending the wage-subsidy program, due to have ended next month, the prime minister pleaded with business owners to hire new workers or rehire old ones to help get the sputtering economy moving again.

