Subsidies rolling out fast; some 75%+ of workers at home

Fri, 27 Mar 2020

The government had already paid around $1.5 billion under the wage subsidy scheme by Thursday and that number has likely already more than doubled as it represented less than half of already approved applications.Meanwhile, rough estimates indicate at least 75 percent of the employed population is at home. The wage subsidy scheme is part of a package of initiatives aimed at mitigating the impact of a four-week shut down of all non-essential services. The total cost of the wage subsidies is tipped to reach about $9.3 billion.As of 9am...

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