Prime Minister Justin Trudeau spoke in the House of Commons on Saturday as the government passed a wage subsidy bill to help mitigate the economic impact of the novel coronavirus.

The Trudeau government struck the deal with opposition parties to swiftly approve a massive $73-billion wage subsidy program aimed at helping businesses and workers survive the economic ravages of the COVID-19 pandemic.

Passage of legislation needed to implement the program was assured Saturday after Conservatives dropped their attempt to tie the bill to the longer-term question of how Parliament should function in the midst of a national health crisis.

Under the bill, the federal government will pay companies 75 per cent of the first $58,700 normally earned by employees, up to $847 per week for up to 12 weeks. The subsidy is retroactive to March 15 and will be available to companies that lost 15 per cent of their revenue in March or 30 per cent in April or May.

Trudeau called the wage subsidy bill the largest economic measures Canada has seen since the Second World War.

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