Finance Minister Chrystia Freeland is set to announce what comes next, after CEWS, the Canada Emergency Rent Subsidy, the Canada Recovery Benefit, the Canada Recovery Caregiving Benefit and the Canada Recovery Sickness Benefit are wound down on October 23. Last week, she told the CBC that significant uncertainties remain, indicating some benefits will be extended. At a press conference earlier this month, she cited tourism as one sector that has been particularly hard hit, while the Liberal election platform committed to helping the sector through the winter with wage and rent support of up to 75 per cent of their expenses.
Few people begrudge temporary, targeted relief to fellow citizens in need. But, according to a new examination of CEWS, the wage subsidy program was as profligate as it was scattergun and would likely not pass the most desultory cost-benefit analysis.
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