There will be no cap on the size of Canada's emergency loans to large companies harmed by the coronavirus pandemic but there will be multiple restrictions, the government said on Wednesday, as it recommended wearing masks in public for the first time.
"We are not offering companies a bailout," Prime Minister Justin Trudeau said of the loan facility during his daily news conference. The aim is to help them"weather this storm", Trudeau said.Also on Wednesday, medical officials urged Canadians to wear non-medical masks. For a second consecutive day, Canada's coronavirus deaths rose less than 1per cent from the previous day, official data showed.
Public health limitations aimed at slowing the pandemic have clobbered companies in Canada and worldwide.