The $221-million program jointly funded by the federal government and eight financial institutions, is the first of its kind to help Black businesses on a national scale. It responds to one of the requests made in June by an open letter from the Parliamentary Black Caucus that was signed by more than 100 MPs and senators.
"An investment in Black excellence is an investment in economic empowerment and economic empowerment is an essential part of justice," he said. "It's justice against a system that has locked out far too many Black entrepreneurs and denied them the same opportunities as other Canadians." The federal cash will including $33 million towards the loans, $6.5 million to collect data on the barriers preventing Black Canadians from succeeding in business, and $53 million for Black business organizations to provide mentorship, financial planning and business training.
HXOUSE co-founder Ahmed Ismail said the program is a welcome sign of a government acknowledging systemic racism exists, addressing the fact opportunities are not equally available, and taking "the uncomfortable step of doing something about it."
Gives away canadas tax dollars like he found someone elses winning lotto max ticket
Nothing to do with his current brinery. Trudeau(j.t.) is no leader, he has zero charisma the Only thing he Had going was the 'trudeau' name. He has ruined the trudeau name. When heard now people think , embezzler,liar, thief,cheat, guy who gives tax dollars to terrorists, etc.etc
Racist
Is genetic testing required?Mix races qualify?Moroccans or Ethiopians considered blacks?So many grey areas,why not $800 mil, would that make a diff!When is the Mex, Arab, Viet loans rollin in?Low income neighborhoods entrepreneurs are better suited for this loan not race based
BlackLivesMatter JustinTrudeau you should've been president if canada had one! 😜
Everyday a different promise .. how much longer in office
The literal definition of systemic racism.
So we Asian Canadians mean nothing to you. Got the message.
ALL entrepreneurs matter!
Trudeau = racist
Look at you racists put here revealing yourselves.
Violates Canadian Constitution Act 1982 - 'Equality Rights' section 15. (1)
Racist
The racial divisiveness spilling into Canada scares me. This used to be the best place to live. I hope it remains the same.
Trying to buy the votes of Black Canadians after mocking them?
Stop the systematic racism!
If all business loans are open to all entrepreneurs then why make a new one just for black entrepreneurs
They have to provide special black person ID first.
Any one in here with some bs negativity to say about black Canadians finally being able to get help to build up their communities and businesses is a racist and a hater. And has no true knowledge of black history in Canada such as Africville
Trudeau is the biggest sac of you know what. Liberals are the most destructive and divisive pests known to humankind.
How to divide the country more why not support all Canadians just another vote buy
Gotta love combating fake systemic racism by implementing real systemic racism.
Shaking my head at the comments here. Do some research and study so you can understand what black businesses and communities have been going through for ages. Racism and poverty are connected and it’s destroying lives.
A good example of systemic racism set by our POS PM. And in the process he spends more of our money buying votes for himself. Divide and conquer. TrudeauWorstPM TrudeauMustGo
What kind of POS do we have running this country Unbelievable display of racism.
Then I’ll self identify as a black person. That’s how today’s society works, right?
Will this “program” be administered by his besties at WE
And me 🤷♂️
Its a black mans world now thanks to the extreme leftys
who are these black entrepreneurs
I tried using my white priv. card for a business loan recently... didn’t work. What level of melanin do you need to get these? Or is it based on loan officers discretion of determining what shade you are? Is there a colour chart? Different water fountain?
carlos_guava
Rascist.
Racist
So receiving special privileges base on the colour of your skin is not racism?
Is there a melanin test before funds are released? Asking for a friend...
That very nice of the Prime Minister with a fetish for Blackface. Guilty conscience kicking in Justin?
Does blackface count as black canadian?
HEY! Prime Minister Justin Trudeau JustinTrudeau the objective is to eliminate policies that are considered 'systemic racism' NOT added to them.
I feel discriminated against ☹️ OntHumanRights cdnpoli
Why not just support for canadian entrepreneurs?
Prime Minister Justin Trudeau JustinTrudeau announces a 'systemic racist' policy. Cash for loans and support for Black Canadian entrepreneurs but not for other coloured people. (brown, yellow, or white) I thought we were all Canadians.
Sounds racist to me
This is getting embarrassing
We need more hair extension and beauty supply shops.
Why should my white skin colour limit me from receiving one of these loans? The Trudeau Liberal Gov’t once again shows their racism & need to divide us at every & any turn. This must stop
JustinTrudeau how is this fair man?!?!?
I wish our PM wasn't so dumb as to think you can solve racism with racist policies...
Free loans for black peoples
Sounds like trying to get votes.
FFS
How is this not racism? Receiving priveledges base on your skin colour?
RACIST!!
what about other minorities? now this is getting ridiculous.
Most black people in Canada are from the Caribbean or Africa. Why does Trudeau treat them like lesser people than any other immigrant group?
What about brown Canadian entrepreneurs?
Isn’t that reverse racism?
He missed such a great opportunity to “fit in” Blackface
I feel like a victim of systemic racism. I can't access these loans due to the colour of my skin.
Disgusting! What if the black business owner is making a sizeable profit? Assumption much! Why based on skin colour which is racist in itself!
Trying to win black people's votes. Ha bye bye Trudeau ✌
Thats racist