Caisse sets aside $4-billion to finance Quebec businesses affected by pandemic

To qualify, companies must require a minimum of $5-million of financial aid, have a promising growth plan coming out of the pandemic – and show they were profitable before the crisis.The Caisse de dépôt et placement du Québec says it’s ready to pump up to $4-billion into Quebec businesses affected by the COVID-19 pandemic.

The move was motivated by a desire to support businesses struggling during the pandemic, said CEO Charles Emond, adding it was “essential for [the Caisse] to join the collective effort” to help the economy.To qualify, companies must require a minimum of $5-million of financial aid, have a promising growth plan coming out of the pandemic – and show they were profitable before the crisis.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Inter Pipeline slashes dividend and suspends sale of European liquid-storage businessInter Pipeline said potential buyers of the business had been significantly affected due to the coronavirus pandemic
Source: globeandmail - 🏆 5. / 92 Read more »