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COVID-19 Relief - Highly Affected Sectors Credit Availability Program (HASCAP) Guarantee The grim one year anniversary of the COVID-19 pandemic in Canada has highlighted that many businesses across the country continue to struggle financially. Two Federal assistance programs, the  Canada Emergency Wage Subsidy (CEWS) and the  Canada Emergency Rent Subsidy (CERS) have helped by giving out a combined total of over $77 billion in subsidies, but it is not enough for many small and medium-sized businesses. 1 The CEWS was announced nearly a year ago to prevent job loss by encouraging employers ...

Author of the article: Julie Kotsis Publishing date: Apr 30, 2021  •  3 hours ago  •  4 minute read  •  Mary Ng, federal Minister of Small Business, Export Promotion and International Trade, bottom right, participated in a virtual roundtable meeting Friday, April 30, 2021, afternoon hosted by the newly rebranded Invest WindsorEssex, formerly the WindsorEssex Economic Development Corporation. Pictured clockwise from top left are Wen Toeh, director of the University of Windsor's EPICentre, Workforce WindsorEssex CEO Justin Falconer, WEtech Alliance CEO Yvonne Pilon, MP Irek Kus...

Restaurants need more sector-specific support to keep feeding Canada’s recovery Restaurants Canada (Canadian Restaurant and Foodservices Association) Toronto, CANADA French While Restaurants Canada welcomes the commitments unveiled today in the federal budget to extend the rent and wage subsidies, the hard-hit foodservice industry needs more sector-specific support. TORONTO, April 19, 2021 (GLOBE NEWSWIRE) -- Restaurants Canada welcomes a number of commitments unveiled today in the federal budget — most notably, the promise to extend the rent and wage subsidies u...

Restaurant Canada has called for more “sector-specific” support after the federal budget was released on Monday. In a press release issued on April 19, the organization said it welcomed commitments outlined in the federal budget, including promises to extend the rent and wage subsidies until September 25; however, they also called for more to be done as millions of people are still out of work. “We appreciate that the government has listened to our industry and others and is extending the critically necessary rent and wage subsidies beyond June,” said Restaurants Canada President an...

“We’re all in a pretty tough spot and, unfortunately, we don’t seem to be making much progress,” said co-organizer Peter Wood, owner of the Bear & Joey restaurant in Victoria. “They [politicians] say they feel for us and they know there is a gap [in relief measures] but that doesn’t seem to be translating into much more than ‘sorry to hear that.’ ” Wood said it’s a scary situation considering the hundreds of thousands of dollars these businesses have put into opening and had committed to their projects before the pandemic hit in March 2020. Companies registered with Sav...