May 8, 2020
Prime Minister Trudeau announced that the government will be extending the Canadian Emergency Wage Subsidy (CEWS) program through June 2020. The Prime Minister did not say how long the program extension will last. Details on the CEWS extension are expected next week.
He also announced the creation of an Industry Strategic Council, chaired by Monique Leroux, to advise the government on the specific needs of sectors impacted by COVID-19.
The Council will help the government understand the impact on industries and specific sectoral pressures that COVID-19 has caused. The Department of Innovation, Science, and Economic Development indicated that over the next 90 days, the Council will meet regularly to identify and understand sectoral pressures that are common across the industries.
Members of the Council will be announced soon and will complement the structure and focus of the Economic Strategy Tables.
The Industry Strategy Council creates a venue for the government to consult directly across industries.