Premiers ask Ottawa for COVID-19 small business loan extension
The Canada Emergency Business Account offered interest-free loans of up to $60,000 to small businesses during the COVID-19 pandemic. The Canadian Prime Minister's Office has asked Prime Minister Justin Trudeau to extend the repayment period for interest-free loans to small businesses and non-profits given during the pandemic during the COVID-19 pandemic. The federal government’s Canada Emergency Business Account offered loans of up to $60,000 for small businesses during the crisis. Prime Minister David Eby has written to Trudeau, stating that small businesses are feeling squeezed by rising costs of housing, groceries, and other daily essentials, and facing rising inflation and interest rates.
Published : 2 years ago by News Staff in Business
Canada’s premiers have sent a letter to Prime Minister Justin Trudeau asking the federal government to extend the repayment period for a year for interest-free loans to small businesses and non-profits given during the pandemic.
The federal government’s Canada Emergency Business Account offered interest-free loans of up to $60,000 to small businesses during the COVID-19 pandemic.
B.C. Premier David Eby says in a letter to the prime minister that small businesses, like most other Canadians, are feeling squeezed by the rising cost of housing, groceries and other daily essentials, and just when they are starting to recover after the pandemic they are facing rising inflation and interest rates.
More to come
Topics: Coronavirus, Canada, Montreal, Ottawa