The government says the fund has already helped more than 12,000 businesses struggling because of the pandemic, which has hit everything from main street boutiques to hotels and restaurants.
Of the new money, almost $456 million will go to small- and medium-sized operations facing financial pressure to help them keep employees and cover costs. “What we’ve learned is that in certain hard-hit sectors, it was more difficult for businesses to have access to capital through financial institutions, and that’s why they came up to us,” Joly said in an interview.
“That was key, because we need to keep our innovation and our competitive edge, notwithstanding the pandemic.”
Should read. Trudeau government blowing another 600 million taxpayer dollars with no idea where it will be going.
Too late
Trudeau's spirit animal:
A lot of the people who I know that own businesses like this already have millions of dollars in personal wealth and are close to if not qualifying for the $20 million wealth tax that I push for. I wish there was more information other than just calling them struggling.
Print money!! Nothing can go wrong!
Do they have to be black?
It's almost as much as T2's donations to UN
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