News Formal

CP NewsAlert: Premiers ask Ottawa for COVID-19 small business loan extension

  • 📰 SooToday
  • ⏱ Reading Time:
  • 17 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 85%

Business News News

Business Business Latest News,Business Business Headlines

VICTORIA — Canada's premiers have sent a letter to Prime Minister Justin Trudeau asking the federal government to extend the repayment period for a year for interest-free loans to small businesses and non-profits given during the pandemic.

The federal government's Canada Emergency Business Account offered interest-free loans of up to $60,000 to small businesses during the COVID-19 pandemic.

B.C. Premier David Eby says in a letter to the prime minister that small businesses, like most other Canadians, are feeling squeezed by the rising cost of housing, groceries and other daily essentials, and just when they are starting to recover after the pandemic they are facing rising inflation and interest rates.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 8. in BUSİNESS

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.

Premiers ask Ottawa for COVID-19 small business loan extensionCanada's premiers have sent a letter to Prime Minister Justin Trudeau asking the federal government to extend the repayment period for a year for interest-free loans to small businesses and non-profits given during the pandemic.
Source: BNNBloomberg - 🏆 83. / 50 Read more »