BC Ferries losing $1M a day

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BC Ferries, also feeling COVID-19 impacts, is losing more than $1 million a day and is trying to qualify for the Canada Emergency Wage Subsidy. While public entities and crown corporations are not eligible for relief, BC Ferries is not a crown corporation as it is owned indirectly by the provincial government. Currently, the BC Ferries is paying 75 per cent of the wages for about 600 furloughed regular employees, along with benefits. Another 500 casual employees have been laid off. BC Ferries has indicated that if they cannot find government support, the organization is on track to lose close to $300 million this year.

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