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Trudeau announces increase in wage subsidy

Prime Minister Justin Trudeau arrives to speak at a press conference on COVID-19 at Rideau Cottage, his residence on the grounds of Rideau Hall in Ottawa, on Saturday, March 21, 2020. THE CANADIAN PRESS/Justin Tang

The federal government is increasing a payroll subsidy to small business to thwart layoffs due to COVID-19.

Prime Minister Justin Trudeau says the government will now cover up to 75 per cent of salaries, a major increase over the original 10 per cent subsidy plan.

The subsidy will be retroactive to mid-March and is part of a suite of small business measures being rolled out today.

More coming