Industry welcomes long-awaited COVID-19 aid for large companies, but laments lack of details

OTTAWA — The Liberal government unveiled its long-awaited relief program for companies in hard-hit sectors such as oil and gas, airlines and tourism, more than a month after Ottawa first indicated new supports were on the way.

“We would have been really happy if this announcement would have been made a month ago,” Alberta Finance Minister Travis Toews said Monday. “We had been advocating really for a couple of months for this type of liquidity measure.” Representatives with the airline industry also supported the program, but said the eligibility requirements could seriously restrict its uptake in the sector.

“While the LEEFF is a good step forward, businesses are hesitant to take on more loans and debt during these uncertain times,” said Dennis Darby, president and CEO of Canadian Manufacturers & Exporters

Bill-ionaire Moroneau giving away other peoples money again.

Now industry knows how the rest of us normally feel.

Why be shocked, the Trudeau government give details?🤣🤣🤣 Bill_Morneau has been lying for weeks about aid. Simple these companies should be forced to bring all employees back into payroll (not cews) and management given wage freezes till the company is back on its feet!

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Feds offering loans, 'not bailouts' to large companies to stay afloat amid COVID-19: PMThe federal government is rolling out a new multimillion-dollar loan program aimed at providing financing access to large employers impacted by COVID-19 and the economic downturn it's prompted, but Prime Minister Justin Trudeau said this aid are loans and 'not bailouts.' Only SNC gets free $ I guess Sounds good, but please don’t turn around and forgive the loans a few years from now. Big business can handle it. Trudeau should not be allowed to answer any questions about money. He s a complete disaster.
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