According to a new study published today in Economic and Social Reports, on average, businesses that used the Canada Emergency Wage Subsidy (CEWS) program were less likely to close and had higher employment growth than businesses that did not use the program. The study, titled "The Canada emergency wage subsidy program and business survival and growth during the COVID-19 pandemic in Canada," finds that among businesses with employees, businesses that used the CEWS program had, on average, a 6.9 percentage point lower probability of being closed compared with businesses that did not use the program.
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