The federal wage subsidy program will be extended past the June 6 deadline, according to an announcement from Prime Minister Justin Trudeau. “News of the extension comes as new Statistics Canada numbers show the country lost almost two million jobs during the month of April — a record high — as the impact of COVID-19 on the economy made itself known,” said CBC. The program is meant to help businesses keep workers on payroll throughout the crisis. (Source: CBC) Read the original article…
Todd Phillips is the editorial director of Universus Media Group Inc. and the editor of Canadian auto dealer magazine. Todd can be reached at tphillips@universusmedia.com.
Automotive industry players in Canada likely heaved a sigh of relief after the federal government announced trade talks between Canada and the United States will resume. Both parties are eyeing a deal by July 21. It was not Canada’s automotive …
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Data from Equifax’s Canada Q3 Business Credit Trends Report may be of interest to dealers, especially those just starting out, as findings show newer Canadian businesses are driving significant growth in debt balances. The company said it sets a complex …