The federal government of Canada is expected to come up today (Apr 22) with a new announcement about providing more financial support for students and other Canadian youths to help them stay afloat and find jobs amid the coronavirus pandemic.
The government is taking up the new measures targeting only the young people including students who are being deprived of other emergency financial assistance and don't qualify for the Canada Emergency Response Benefit.
Media reported that the latest measures, to be announced today, are in addition to the steps the federal government has already taken to help young people overcome the health crisis.
It has put a six-month, interest-free moratorium on student loan repayments.
Also, the Canada Summer Jobs program has been bolstered so that employers feel encouraged to hire young workers for their essential jobs.
This year, employers will be given a subsidy of up to 100 per cent of the provincial or territorial minimum hourly wage for each youth employee — which is 50 per cent up from the usual wage subsidy.
The government has also brought two changes in the program, under which part-time workers can be included and this year's employment period has been extended to the end of February 2021.
Besides, the federal government has provided $20 million to support young entrepreneurs who are facing challenges due to COVID-19.