Business in Vancouver: Ottawa revises 75% wage subsidy to include large companies

  • March 30, 2020


Ken Peacock, chief economist of the Business Council of B.C., told Business in Vancouver the big boost will have the intended impact of retaining far more workers than what was previously on the table.

“I still think we’re going to see a nasty recession, but the wage subsidies announced by the government do help mitigate a more dire economic outlook,” he said after the revisions were announced Friday.

“B.C. will leverage federal government packages to a greater extent in proportional terms than many other provinces just because of our orientation towards more small and medium-sized businesses.”

Full Article.