Canada’s premiers during the closing news conference at the Council of the Federation Canadian premiers meeting at The Fort Garry Hotel in Winnipeg on July 12.asking the federal government to extend the repayment period for a year for interest-free loans given to small businesses and non-profits during the pandemic.
.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 higher inflation and interest rates.The emergency business program approved $49.2 billion in loans to small businesses and not-for-profits during the pandemic.
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