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Caisse sets aside $4-billion to finance Quebec businesses affected by pandemic

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Caisse sets aside $4-billion to finance Quebec businesses affected by pandemic GlobeBusiness

To qualify, companies must require a minimum of $5-million of financial aid, have a promising growth plan coming out of the pandemic – and show they were profitable before the crisis.The Caisse de dépôt et placement du Québec says it’s ready to pump up to $4-billion into Quebec businesses affected by the COVID-19 pandemic.

The move was motivated by a desire to support businesses struggling during the pandemic, said CEO Charles Emond, adding it was “essential for [the Caisse] to join the collective effort” to help the economy.To qualify, companies must require a minimum of $5-million of financial aid, have a promising growth plan coming out of the pandemic – and show they were profitable before the crisis.

 

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