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Prime Minister Justin Trudeau holds a press conference at Rideau Cottage amid the COVID-19 pandemic in Ottawa on Monday, July 13, 2020. THE CANADIAN PRESS/Sean Kilpatric

OTTAWA -- The Liberal government will extend the wage subsidy program until December, Prime Minister Justin Trudeau announced on Monday.

This marks the second extension of the Canada Emergency Wage Subsidy (CEWS). On May 15, the government added an additional 12 weeks to the program, extending eligibility to August 29.

"For the last three months, you’ve seen me come out to talk with Canadians about what we’re doing to help you and your family, your employer, your local businesses deal with this pandemic. We’re going to continue to do that vital work," said Trudeau during a press briefing outside Rideau Cottage in Ottawa.

Announced on March 27, the CEWS presents qualifying companies and non-profits funding for 75 consistent with cent of worker wages, retroactive from March 15.

The objective of the program is to maintain personnel on the payroll so organizations can rebound extra quickly while restrictions are lifted and the financial system restarts. The CEWS had a sluggish uptake, but has improved in reputation as more Canadians transition off of the Canada Emergency reaction gain.

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In an interview on CTV’s question duration in can also, Employment Minister Carla Qualtrough attributed this system’s rocky start to obstacles inside the software technique.

"It’s been slower than expected. I think corporations are having to place quite a few effort and time into their programs due to the fact you need to dig into your payroll – who earned what and whilst," she said.

Considering the fact that then, the government has been consulting with the commercial enterprise network and promoting its gain amid calls from opposition that the Liberal’s are disincentivizing Canadians from returning to work as CERB software numbers balloon.

As of July 5, just under 19 million Canadians had carried out for the gain and greater than $fifty four billion were paid out.

The brand new $eighty two. 3 billion CEWS projection, outlined in remaining Wednesday’s economic image, is a stark boom from the authentic $forty five billion estimate.

As of July 6, 581,800 out of a complete of 587, 060 submissions were permitted. This equates to slightly more than $18 billion.