July 17, 2020 / 6:53 PM / 21 days ago

Canada proposing expanding emergency wage subsidy program - finmin

OTTAWA, July 17 (Reuters) - Canada is proposing expanding an emergency wage subsidy program so that all businesses suffering losses from the coronavirus outbreak will benefit, Finance Minister Bill Morneau said on Friday.

Morneau told a news conference that Ottawa would drop an earlier requirement stipulating that businesses needed to show a 30% drop in revenue to be eligible. The changes will come into effect in July and will run to Dec 19, he added. (Reporting by David Ljunggren)

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