Prime Minister Justin Trudeau says the federal government is creating a new emergency rent subsidy that will provide funds directly to businesses who need help paying their rent.
The previous rent subsidy was paid to landlords.The new subsidy will cover up to 65 per cent of eligible rent costs for businesses which have lost revenue because of COVID 19 and up to 90 per cent for businesses which have to close entirely because of the second wave of COVID-19.
As well, the coronavirus pandemic is expected to accelerate unless Canadians reduce their contact with others, new modelling shows.
Health Canada’s latest modelling suggests that by Oct. 17, the cumulative case total could range between 188,150 and 197,830, Dr. Theresa Tam, Canada’s chief public health officer, said.
In addition, Trudeau discussed job numbers after Canada added 378,000 net new jobs in September, Statistics Canada says. The gain, which was far stronger than economists expected, brings employment to within 720,000 of its level in February, before the novel coronavirus pandemic took hold in Canada.
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