MONTREAL | The quebec manufacturers are hoping that the Trudeau government is extending the wage Subsidy program emergency of Canada (SSUC), while the demand for their products could be “insufficient” in the course of the next three to six months.
According to a survey conducted by the canadian Manufacturers & Exporters of Quebec (MEQ), three in four companies indicated that salaries constitute the bulk of their tax burden since the beginning of the health crisis, which has turned into a important economic crisis.
This is why the majority of the members of MEQ wish that the wage Subsidy emergency of Canada (SSUC) doesn’t end in August next, as Ottawa announced it, and that it is better suited to their needs.
If the SSUC is a matter of survival for some businesses, for others it is a push to fall more quickly on its legs. Fifty-five percent of quebec manufacturers interviewed have expressed concern the situation which will prevail after the end of the measurement.
The stroke of the probe of MEQ, which has 1100 members, manufacturers in Quebec, shows that the SSUC is “a measure of economic support of first choice” for two-thirds of respondents, was told Saturday by posting the data.
“Government assistance direct offered by the wage subsidy allows companies of our sector to keep the cap, while retaining jobs and reducing the main costs of enterprises,” said the CEO of MEQ, Véronique Proulx.
“Manufacturers are now living on borrowed time. The greatest impact of the crisis, it will be in the autumn as it will make the most feel,” said Ms. Proulx.
“The figures speak for themselves: nearly 90 % of our members are satisfied with the crisis management of the government; without direct assistance, our members would not be the leaders they are for the economy. It is now time to move on to the next step: to galvanize a lasting effect on the manufacturing sector to ensure the revival in Quebec,” she added.
In addition to the extension of the SSUC, MEQ hopes that the governments provide direct financial support to stimulate investments in automation and robotization; review with the increase in tax credits for research and development; and stimulate local demand by accelerating public investment projects, and by reviewing the procurement policies to the public.