Trudeau to highlight interest-free loans to help small business weather pandemic

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While Canadian businesses wait for Parliament to approve a $73-billion wage subsidy program, Prime Minister Justin Trudeau is expected to highlight today another measure that will tide some companies over in the meantime.

At his daily briefing on the deadly COVID-19 pandemic, Trudeau is expected to draw attention to the Canada Emergency Business Account.

The loans are intended to give small businesses some operational cash to keep afloat until other measures kick in, particularly the massive wage subsidy program. But although there's broad agreement on the bill itself among all parties, negotiations bogged down over the Conservatives' insistence that there must be regular, in-person sittings of the House of Commons in order to hold the government to account throughout the health crisis.

 

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