Industry News FreshSheet  - trending news in the restaurant and hospitality industry

Industry News FreshSheet
trending news in the restaurant and hospitality industry

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CEWS wage subsidy extended and additional help coming, Federal government commits

In welcome news to hospitality, Prime Minister Trudeau commits to supporting small businesses through the extent of the pandemic

Sep 23, 2020 - EightSix Staff

The federal government has committed to supporting people and businesses until the end of the pandemic by extending the Canada Emergency Wage Subsidy (CEWS).

The extension of CEWS will bring welcome relief to the restaurant and hospitality industry which has been in crisis since the pandemic began. The sector, which typically employs 1.2 million people nationwide, is still down 260,000 jobs as compared with pre-COVID levels and it has been estimated that some 40% of independent restaurants may not survive to Spring 2021 without continued and additional support.

Restaurants Canada has applauded the commitment by the federal government to support the industry thus far. More details to come.

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