(OTTAWA) – July 13, 2020 – The Canadian Chamber of Commerce President and CEO, Perrin Beatty, issued the following statement about today’s announcement that the Canadian Emergency Wage Subsidy (CEWS) program will be extended:
“Today’s announcement to extend the CEWS until December is positive news for businesses everywhere, as they take the first steps towards recovery.
There is a clear need for continuing support for SMEs and for a number of sectors, including hospitality and travel, which have been hard-hit and will be slow to return to normal.
An effectively updated CEWS program must encourage Canadians to transition from the Canada Emergency Response Benefit to the wage subsidy. The program must create a positive incentive to return to work,
A successful CEWS update must also expand revenue eligibility and provide absolute clarity and consistency about the criteria for eligibility. Too many businesses are still uncertain about their ability to qualify for the program.
Reintegrating Canadians back into the workforce will take a longer and more challenging course than originally anticipated. Canada needs a broader discussion about how to reform Employment Insurance to reflect current and future workforce needs, ensuring Canadians remain connected to the labour force and including strong upskilling and reskilling components.
Our shared recovery will depend on how quickly we can get businesses back up and running. We need an efficient transition from emergency subsidies and towards a growth-driven recovery. An effective CEWS that helps get Canadians safely back to work can be a positive first step.”
For information on the Canadian Chamber’s 51-point Roadmap to Recovery, click here.
About the Canadian Chamber of Commerce – Because Business Matters
The Canadian Chamber of Commerce helps build the businesses that support our families, our communities and our country. We do this by influencing government policy, by providing essential business services and by connecting businesses to information they can use, to opportunities for growth and to a network of local chambers, businesses, decision-makers and peers from across the country, in every sector of the economy and at all levels of government, as well as internationally. We are unapologetic in our support for business and the vital role it plays in building and sustaining our great nation.
For more information, please contact:
Canadian Chamber of Commerce
Phil Taylor at [email protected]