Last Wednesday, the Government presented a new Speech from the Throne that included several significant plans that will help the Tourism sector:
Plans to extend CEWS through the summer of 2021 (a big win for the Coalition of Hardest Hit Businesses)
Planned investments in liquidity measures including enhancements to the CEBA and BCAP programs
“Further support” for travel and tourism, hospitality, and cultural industries
Support for regional routes for airlines
The largest investment in Canadian history in training for workers
Acknowledgement that Immigration remains a driver of Canada’s economic growth
Announcements in the Speech from the Throne are not automatically put into action by government – it serves as a roadmap for future policy. TIAC will continue to advocate for these measures to be pushed through by government.