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Company News

Canada expands wage subsidy program for businesses, jobless claims soar

OTTAWA, April 8 (Reuters) - Canada said on Wednesday it would expand an emergency wage subsidy program to help more businesses deal with the coronavirus outbreak, while jobless claims soared beyond four million.

Prime Minister Justin Trudeau told reporters that firms would only have to show their year-on-year revenues had dropped by 15% in March, down from an initial 30%, to be eligible to claim a 75% wage subsidy for their employees. (Reporting by David Ljunggren)

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