We know that about five millions Canadians utilized the wage subsidy during this time. One of the stated goals was to keep Canadian workers connected to the workforce during the pandemic.
Canada has recovered about 75% of the jobs lost during the peak of the pandemic, and the economy rebounded better than that of many of our peer countries. This is what economists are saying. In fact, the Conference Board of Canada is forecasting 5.8% growth in 2021.
How important to Canada's recovery was the wage subsidy in keeping workers connected to the workforce?